Boston, MA 05/23/2014 (wallstreetpr) – Apollo Education Group Inc. (NASDAQ:APOL) is a leading name in education industry. Recently the company announced to acquire Milpark Education, with the objective of entering in the African Market. It is a leading tertiary education provider in the South Africa region. According to the management of APOL,” We are growing at a very good rate and now we want to explore the South African education sector that is why we have decided to acquire Milpark Education.”
Details of the deal:
Apollo Education Group Inc. (NASDAQ:APOL) has decided to acquire Milpark Education (Pvt.) Ltd. with an objective of exploring South African education sector. The estimated price of the deal is $ 25.6 million.
APOL is known for offering diversity in the education system and bringing in the values, expertise serving adult learners, and excellent well researched academic content. After the acquisition of Milpark Education, the core strengths of APOL will get stronger.
According to the Chief Executive Officer of APOL Greg Cappelli,” Expansion in South Africa will make our global network stronger. We will be able to serve our overseas clients in an effective and organized way. We are looking forward to the opportunities to serve the students of one of the top seven economies of the world in new and interesting way.”
“We are a global education provider and with the help of Milpark Education, we will try to support those students in South Africa who want to get a quality education,” said the President of Apollo Global Curtis Uehlein.
There are N numbers of opportunities available for Apollo Education Group Inc. (NASDAQ:APOL) in South Africa. Education sector is doing extremely well and in coming years it will grow two times faster than now, so the future prospects of APOL look promising. To know the exact effects of the deal on the brand value of the Apollo Group, you will have to wait for some time.
