09.12.2015
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS subsidiary AKAD sells Wissenschaftliche Hochschule Lahr
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Disposal
AURELIUS subsidiary AKAD sells Wissenschaftliche Hochschule Lahr
09.12.2015 / 07:30
The issuer is solely responsible for the content of this announcement.
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AURELIUS subsidiary AKAD sells Wissenschaftliche Hochschule Lahr
- Partial exit as part of the strategic realignment of AKAD
Munich, December 2015 - AKAD Bildungsgesellschaft, an AURELIUS Group (ISIN
DE000A0JK2A8) subsidiary, has sold Wissenschaftliche Hochschule Lahr (WHL).
The buyer, European Education Group Germany (EEG), intends to continue
operating the private university for the foreseeable future and maintain
WHL's present profile with its strong focus on the sciences. The disposal
was carried out as part of the strategic realignment and focusing on more
practical courses at the AKAD University.
"The change of provider is the best possible solution for all concerned.
With EEG, an education provider is acquiring WHL that has already been
operating in the scientific field for a number of years, understands the
issues for working students very well, and aims to strategically exploit
and enhance the university's concept," explains Professor Ronny Fürst, CEO
of AKAD. "We're delighted that it will continue to be possible for WHL
students to gain recognized qualifications from an existing college."
"This partial exit clearly demonstrates the AURELIUS mode of operation when
it comes to realigning and repositioning its subsidiaries. We, too, are
always on the lookout for viable solutions for our subsidiaries' non-core
activities in the best interests of all concerned," says AURELIUS Executive
Board member Gert Purkert.
The acquisition of WHL by EEG does not entail any changes in the education
process for the students. They can go on studying as usual, with all
seminars and examinations continuing to take place. The seminars will be
held in Stuttgart during the 2015 session, as planned. The change of
provider will have no impact on accreditation of the qualifications either,
as WHL is officially recognized by the Baden-Württemberg Ministry of
Science, Research and the Arts. The Ministry has already consented to the
change of provider.
About AKAD
The Stuttgart-based AKAD educational company is a Germany-wide provider of
distance learning and continuing professional development. Set up in 1959,
the company forms the umbrella for the AKAD University and the AKAD
College. The AKAD University provides a flexible, individual and efficient
way of studying in one of 63 accredited courses in Economics & Management,
Engineering & IT, and Communication & Culture. The AKAD College offers 120
certified courses in the same fields. All AKAD offerings are audited and
approved by the State Central Office for Distance Learning (Zentralstelle
für Fernunterricht-ZFU). Students can take their examinations at 33 AKAD
examination centers located throughout Germany. Over 60,000 graduates have
successfully completed the AKAD courses and education programs since 1959.
To find out more about AKAD, visit https://www.akad.de/
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices
in Munich, London, Stockholm and Madrid, AURELIUS acquires participations
with development potential. Once under the AURELIUS umbrella, the
acquisitions are given a long-term strategic orientation in order for them
to fully develop their potential.
Currently, the AURELIUS Group consists of 23 subsidiaries with locations in
Europe, Asia, and the U.S.A. These include numerous traditional consumer
brands, services businesses and a number of industrial enterprises.
Companies are acquired based on strict investment criteria without focusing
on any particular industry. Shares of AURELIUS SE & Co. KGaA are listed in
the m:access segment of the Munich Stock Exchange and are traded on all
German stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
[email protected]
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09.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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