IQE
30/11/2015 15:48
ASSET
PRICE SENSITIVE
REL: 1548 HRS Intueri Education Group Limited
ASSET: IQE: IQE INTUERI COMPLETES ACQUISITION OF NZIS
30 November 2015
Further to the announcement of 23 July 2015, Intueri Education Group
(NZX/ASX: IQE) is pleased to confirm that it has settled the acquisition of
100% of the shares in the New Zealand Institute of Sport (NZIS) and the New
Zealand College of Massage (NZCM).
The settlement followed receipt of approval from the Overseas Investment
Office for the acquisition, which was a condition of purchase. Due to timing
in receiving this approval, settlement is two months later than the original
anticipated date.
NZIS has been a unique feature of the vocational training landscape in New
Zealand for almost 20 years offering a diverse range of tertiary programmes
for those pursuing careers in the sport, fitness and recreation sectors.
The acquisition includes the New Zealand College of Massage (NZCM), regarded
as New Zealand's leading tertiary massage therapy provider, offering a range
of bodywork therapies at certificate and diploma level. NZCM is a subsidiary
of NZIS and is one of only two providers to offer a Bachelor's Degree level
Massage Therapy programme.
Rob Facer, Chief Executive of Intueri, said: "We are looking forward to
welcoming founder and CEO John Fiso and the NZIS and NZCM teams into the
Intueri group. Together, these highly respected institutions enrol almost
1,000 students each year and deliver engaging, quality-focussed programmes
leading to successful employment outcomes."
The acquisition will boost the number of Intueri students to more than
12,000, with 11 colleges across Australasia and 65 different areas of study.
-Ends-
Contact:
Rob Facer
Chief Executive & Director
+64 (0) 27 675 3538
[email protected]
Liane Clarke
GM Marketing & Communications
+64 (0) 27 444 2251
[email protected]
End CA:00274372 For:IQE Type:ASSET Time:2015-11-30 15:48:15