Tuesday 3rd February 2015 |
Text too small? |
Intueri Education Group, New Zealand's largest private training college, agreed to buy the Information Technology Training Institute for $1.2 million to add sought after IT training to its offering.
The Auckland based institute has offered IT training since 1997, providing a range of internationally recognised computer and information technology qualifications, Intueri said in a statement. The conditional purchase will be funded from existing cash reserves, Intueri said.
The IT training institute will help lay the foundation for Intueri's entry into IT provision at a level that is in high demand with international students, as well as complementing Intueri's existing offering, said chief executive Rob Facer.
Intueri, which listed on the New Zealand stock exchange in May, is expanding its course offerings to drive growth, having bought the New Zealand based education provider Quantum Education Group, the remaining half of Online Courses Australia Group that it didn't already own and Academy Group NZ, adding courses for pharmacy technicians, florists, motor trades and building.
Shares in Auckland based Intueri last traded at $2.90, having floated in the initial public offering at $2.35 apiece.
BusinessDesk.co.nz
No comments yet
SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report