New Delhi (India) based e-Learning solutions provider, Educomp Solutions Ltd, has acquired Singapore based education technology company, Ask n Learn Inc.
The company has signed the sale and purchase agreement with a majority of the shareholders to acquire the company. The total acquisition price is Singapore $5.98 million in cash in addition to options worth S$1.05 million. This acquisition will provide Educomp a substantial share of the education market in Singapore and add over 100 schools to its portfolio as well as serve as a platform for penetration into the larger Asia-Pacific region.
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