Navneet acquires Britannica\\’s India curriculum biz for 88-cr

\ Mumbai, Oct 26 (PTI) Navneet Education has acquired\Chicago-based Britannica\\’s Indian curriculum business for Rs\88 crore.\ Under the agreement, the current Britannica business\unit will become an independent company within Navneet and\realise considerable synergies with Navneet\\’s larger Indian\group, Naveneet Education said in a statement.\ Britannica India\\’s curriculum division designs and\develops educational products for the Indian region used byearly five million students across India and Indian schools\abroad.\ By partnering with Navneet, Britannica India\\’s curriculum\business will expand its product range and further accelerate\its growth, it added.\ \\"The coming together of the two companies will help\enhance Navneet\\’s footprint and access to newer markets. It\will also significantly augment Navneet\\’s intellectual\property,\\" Navneet\\’s Director Anil Gala said.\ The company will market Britannica\\’s existing\India-specific curriculum titles, such as \\’Know for Sure\\’ and\\\’The English Channel\\’ as well as develop new titles under\Britannica\\’s brand, editorial supervision and guidelines for\seven years.\ Britannica will continue to offer in the region its\digital education solutions.\ \\"We look forward to a fruitful collaboration and\partnership. We intend to work closely with Navneet to find\ways to benefit from our shared commitment to serve the\students, teachers and schools of India,\\" Britannica President\Jorge Cauz said. PTI DS NRB\JM\SDM\


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