Corporate | 20 August 2015 07:30

AURELIUS subsidiary Studienkreis Group to acquire tutoria

AURELIUS AG / Key word(s): Acquisition

2015-08-20 / 07:30

AURELIUS subsidiary Studienkreis Group to acquire tutoria

– Add-on acquisition completes next step in growth plan

– Strategic expansion in e-learning segment

Munich, August 20, 2015 – AURELIUS’s Studienkreis subsidiary, one of the biggest providers of private tuition in Germany, is acquiring tutoria, a digital platform for personal tuition ( www.tutoria.de ), with effect from September 15, 2015. Set up by the Holtzbrinck Group in 2007, tutoria has been continuously refined ever since. In the meantime, tutoria has provided a million hours of lessons, supported over 50,000 parents and students with private tutors, and enabled more than 30,000 tutors to teach. In acquiring tutoria, the Bochum-based Studienkreis Group is expanding its business model and continuing its successful policy of expansion.

“Over many years, the Studienkreis Group has successfully established itself as a central point of reference and leading provider of private tuition on the market. This makes it the ideal partner to keep tutoria’s activities available in a highly competitive market and enhance the model,” comments Christian Nowak, managing director of tutoria.

Studienkreis managing director Lorenz Haase says of the acquisition: “We intend to integrate the ‘tutoria’ brand into the Studienkreis Group and adjust the business model accordingly as we do so. This means that existing tutoria users will still be able to find their way to each other on our online platform in the future. With our thousand or so Studienkreis schools, we’re also providing a much wider range of private-tuition offerings for both parents and tutors at the same time.”

“With this add-on acquisition, Studienkreis is primarily strengthening its business in the highly promising e-learning segment,” states AURELIUS Executive Board member Donatus Albrecht. “Many of our corporate subsidiaries have already benefited from add-on acquisitions helping them to enter lucrative new business fields and markets.”

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 22 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 AG 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
investor@aureliusinvest.de

About tutoria:
Tutoria is Germany’s most extensive online service for private tuition. Parents, children and students throughout Germany can go on tutoria.de to find qualified teachers at all levels of all subjects. A pedagogical service and reviews by other users help people identify the right tutor for their needs. Academic and educational certificates demonstrate the competence of the private tutors. To find out more, visit www. tutoria.de .

About Studienkreis GmbH:
Studienkreis – a company of the Munich-based AURELIUS Group – is one of the leading providers of private education in Germany. The company offers qualified private tuition and intensive courses in all standard school subjects for children from all age groups and school types. The personal support follows a scientifically proven learning concept. Studienkreis runs around a thousand facilities, meaning that it can offer customers its services close to their home and professional online tuition by trained e-tutors throughout Germany. In order to help parents find their way in the market for private tuition, Studienkreis has the quality of its work reviewed by the TÜV Rheinland certification agency. To find out more, visit www.studienkreis.de .

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