Sanoma has completed the acquisition of Iddink Group from NPM Capital. Earlier the acquisition was announced on 11 December 2018 and at the time it was still subject to customary closing conditions, including the approval of Dutch competition authorities, which was received and announced on 29 August 2019. Iddink will be reported as part of Sanoma Learning SBU as of 1 October 2019.
Iddink’s integrated learning and school administration platforms provide its customers – pupils, parents, schools and teachers – with access, communication and learning tools. Iddink’s business is complementary to Sanoma’s Dutch subsidiary Malmberg, a leading educational publisher for primary, secondary and vocational education.
With the acquisition, Sanoma enters the integrated digital learning platform business in the Netherlands. Iddink will remain a separate operational company within Sanoma Learning.
NPM Capital held a majority stake in Iddink Group since 2014.
Also read ‘NPM Capital sells educational service provider Iddink Group to Sanoma Learning’
