The Swedish Competition Authority approves AcadeMedia's acquisition of Swedish Education Group
The Swedish Competition Authority today approved AcadeMedia's acquisition of RE Skolor, the ultimate owner of AB Swedish Education Group. The acquisition is expected to be completed on 17 December 2020, in line with previous communication. The acquisition complements AcadeMedia’s existing business and strengthen our position in the growing markets of upper secondary school and adult education. The Swedish Education Group AB had a turnover in 2019/20 of approximately SEK 360 million and EBITDA of approximately SEK 35 million. Turnover was distributed as 23 percent compulsory school, 59