NCOI, a Dutch educational institution, agreed to acquire TIO University of Applied Sciences, a firm offers recognised daytime courses at higher education and intermediate vocational level in the fields of business management, event management, hotel industry and tourism. Financial terms were not disclosed. TIO primarily offers full-time programs to under 25-year olds, whereas NCOI predominantly offers part-time programs to over 25-year olds. As these two institutions target different audiences, they hardly compete with one another (or not even at all), which means competition will not be reduced if NCOI acquires TIO.