Sanoma completed the acquisition of the K12 courseware business in Italy and Germany of Pearson for $203m.

Sanoma, a learning and media company, completed the acquisition of the K12 courseware business in Italy and Germany of Pearson, a education publishing and assessment service provider, for $203m. “We see great potential in further digitalisation in Italy with the digital platforms and products we have in Sanoma Learning and that they have developed in the past years serving a ‘parent paid’ market. The use of digital and hybrid learning materials in Italy is still low with only 35% using hybrid materials.1 Sanoma plans to substantially invest in the development of digital learning platforms for secondary education in the next three years, which will strengthen our digital offering for secondary education not only in Italy, but also in our other countries. We are very excited about this acquisition, a great next step in our ambition to grow and increase our positive impact on learning,” Rob Kolkman, Sanoma CEO.