You are viewing your 1 free article this month. Login to read more articles.
Bertram Group has acquired Education Umbrella, a leading supplier of books and digital learning resources, in its first strategic bolt-on acquisition under its new ownership.
Bertram, which was bought by pan-European investor Aurelius Equity Opportunities in February 2018, has hailed the acquisition as a “significant and positive development, strengthening its access to the education market”. The wholesalers added the deal will create “significant operational synergies with its existing brands, such as Bertram Books and Wordery.”
Chief financial officer of Bertram Group Nicholas Goodwin said: “We are delighted to announce Bertram Group’s strategic acquisition of Education Umbrella, a company which in a short time has grown to become one of the key players in its market. Education Umbrella is an exciting business that with sound financial backing has great potential for future development as part of Bertram Group.”
Bristol-based Umbrella Education provides print and digital learning respires to schools around the world. Founded in 2011, the company has launched Education Umbrella Press, a digital publishing platform and technologies including TECbook, an online eBook system which converts books from top educational publishers into digital format and TECvideo, a video-based learning tool.
COO of Education Umbrella David Lawrence said: “Bertram Group is a well-known and respected company within the market. Its acquisition by Aurelius has seen the company go from strength to strength. We look forward to working together on this journey as the Group continues to grow and evolve.”
The financial terms of the deal are undisclosed.