M&A

M&A

NIIT MTS acquires Germany-based edtech co MST Group for $26.25 M

Press   Release   MST Group  

Publicly listed, Gurugram-based NIIT MTS has acquired Munich, Germany-based MST Group , a managed learning services provider in Europe's DACH region (Germany, Austria, Switzerland), for Euro 22.37 million (about USD 26.25 M).The transaction expands NIIT MTS’ presence in Europe and increases market penetration in the automotive and industrial market segments while strengthening its portfolio of managed learning services with the addition of QuickStart Learning Academy capabilities. The addition of Hungary as a nearshore capability centre for Western Europe will improve NIIT MTS’ capability to offer onsite, multilingual services to its global clients.Founded in 2009, MST Group employs over 100 people across Germany and Hungary. The acquisition will bring the acquirer's overall number of MTS clients to more than 100.