Pearson buys English testing service in China for $294 million
Pearson has purchased English-language test company Global Education and Technology Group (GETG) in a deal worth $294m. GETG provides English language test preparation services for students with 450 centres across 60 cities in China. It is expected to make $65m in revenues this year.
John Fallon, chief executive of Pearson's International Education Business commented: "Through organic investment and complementary acquisitions, we're learning a lot about the very significant growth opportunities we see in China and about the value of combining our content and technology with high-quality school networks."
The deal follows the $145m purchase of the Wall Street Institute chain of language schools in China in 2009.
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