Johannesburg – ADvTECH has bought the Elkanah House schools, which will add more than 1 300 students to its current stable.
The new acquisition, for an undisclosed amount, will be housed in the listed company’s Independent Institute of Education subsidiary.
CEO Roy Douglas says the “strategic acquisition further expands our footprint in the Western Cape. Together with our two Abbotts College campuses in Cape Town and the recent acquisition of Glenwood House in George, we now have 11 schools in the region.”
With more than 1 300 students and a built capacity for 1 500 students, Elkanah offers Grade 000 to Grade 12 at six schools on three campuses in Cape Town’s popular Blouberg and Sunningdale suburbs. Elkanah has a strong academic record and a Christian ethos. In 2016, its Grade 12 pupils achieved a 100 percent IEB pass rate and 171 distinctions.
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Alex Isaakidis, CEO of the ADvTECH Schools division says the deal is a good fit.
“Elkanah campuses are situated in popular suburbs which have seen strong growth in recent years thanks to the growing trend of new residential estates”, says Isaakidis. “This promises sustained and growing demand for quality schooling.”
With the addition of Elkanah, ADvTECH’s schools division will comprise of 90 schools, serving almost 27 000 pupils.
In January, the company bought a 51 percent stake in the University of Africa.
BUSINESS REPORT ONLINE