IDP Education signs agreement to acquire Intake Education

IDP Education Limited (ASX: IEL) has signed a binding agreement to acquire 100% of Intake Education for up to approx. AU$83 million. Intake Education is a leading student placement agency and has operations across Nigeria, Ghana, Kenya, Philippines, Thailand, Taiwan, India and the United Kingdom.

The Company believe that Intake Education joining IDP Education would help it to grow the international education sector. Further, it will create a new standard for the way the Company support students to achieve their global targets.

The deal is expected to complete in November 2022. The transaction would depend on customary completion conditions. The Company will fund the acquisition via its existing cash and debt facilities.

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