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SEEK LIMITED — M&A Activity 2010
Feb 24, 2010
65765_rns_2010-02-24_79b1fb79-4877-42e3-a2de-b2e6f62a0e4f.pdf
M&A Activity
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For immediate release
ASX Announcement 25 February 2010
THINK: Education Group completes acquisition of Southern School of Natural Therapies (SSNT)
THINK: Education Group Pty Limited, a wholly owned subsidiary of SEEK Limited (ASX: SEK) announces that it has completed the acquisition of the SSNT business. Founded in 1961, SSNT is a leading complementary medicine college in Victoria, offering Degree courses in Naturopathy, Myotherapy and Traditional Chinese Medicine as well as vocational level programs .
This acquisition represents a further strengthening of THINK’s capability in the high growth health and wellness sector. It is also aligned with the previous stated strategy of geographic expansion and provides a new, strong presence for THINK in Melbourne.
Total consideration for the SSNT business is in the order of $2.5 million and the acquisition is expected to have negligible impact on SEEK EPS in FY10 and FY11.