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.
Read also: ADvTECH invests in university
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.
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