NIIT Learning Systems Acquires MST Group for EUR 22.37 Million

NIIT Learning Systems Limited, through its subsidiary NIIT (Ireland) Limited, has completed the acquisition of 100% equity stake in MST Investment Holding GmbH along with its subsidiaries (MST Group). MST Group, founded in 2009 and headquartered in Munich, Germany, is a leader in managed learning services in the DACH region with a consolidated gross turnover of EUR 17.43 million as per German GAAP for the financial year ended December 31, 2024. The acquisition, done at arm's length, is part of NIIT's strategy to drive growth through investments for building new capabilities, geographic expansion, and penetrating attractive customer segments. The aggregate consideration is EUR 22.37 million, comprising of purchase of 100% equity for EUR 15.35 million and takeover of existing loans for EUR 7.02 million. The acquisition expands NIIT's presence in Europe's fastest-growing region and strengthens its portfolio of managed learning services.