RM sells business for up to £53.5m in debt-cutting deal
RM plc has completed the sale of its Hucknall, Nottingham-based TTS educational resources business for up to £53.5m as part of a move to cut debt and focus on edtech.
RM Educational Resources, which operates the TTS business, has been acquired by Eduviva Group for a total enterprise value of up to £53.5m.
TTS designs and supplies curriculum-aligned educational resources, with products used to support hands-on learning.
The sale is part of RM's strategy to simplify the group and concentrate on its continuing businesses, partic... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
