Parent company London-listed Pearson Plc said the disposal was part of a strategic review.
12 August 2022 - 21:54Printing and manufacturing company Novus Holdings has moved to acquire a majority stake in Pearson SA, a courseware business that services all tiers of the education market.
The transaction, announced on Friday, will see Novus take up a 75% equity share in Pearson SA which holds iconic brands such as Maskew Miller Longman and Heinemann — two of the best-known educational materials publishers and printers in SA providing learning content and teacher training for use in schools, TVET colleges, higher education institutions, and home and professional environments.
“The transfer of control from an international shareholder to Novus, with its established infrastructure, ensures that there will be no disruption in the delivery of important educational materials to schools and learners,” the company said. While the paper-based textbook business is expected to remain a significant part of the education system, digital solutions are also a big focus for Pearson SA, which has developed multiple solutions to provide digital content as students migrate from traditional blackboards to digital alternatives.
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