Market Overview

TAL Education Group to Acquire Firstleap Education; Terms Not Disclosed

Share:

TAL Education Group (NYSE: XRS) announced today that it has entered into a definitive agreement to acquire Firstleap Education ("Firstleap"), which provides all-subject tutoring service in English in China to children aged from 2 to 15 years old.

Founded in 2009, Firstleap provides all-subject tutoring service in English in China to children aged from 2 to 15 years old through both its online platform www.firstleap.cn and over 60 learning centers. It now serves more than 20,000 students in over 20 cities in China and maintains high retention rate and customer satisfaction rate.

"We are excited about our acquisition of Firstleap as we believe it will complement and extend our tutoring service offerings in the pre-K to college space, as well as help us gain more insight into childhood development and learning," said TAL's Chairman and Chief Executive Officer, Mr. Bangxin Zhang. "Firstleap has built a strong online-to-offline platform offering comprehensive tutoring services to children. This acquisition aligns well with our vision to position TAL at the intersection of where education meets technology. After the acquisition, we plan to keep Firstleap as a separate

See full press release

Posted-In: News M&A Press Releases

 

Related Articles (XRS)

View Comments and Join the Discussion!

Top 4 NYSE Stocks In The Beverages-Brewers Industry With The Highest EPS

Shire Receives EC Approval for INTUNIV Prolonged Release Tablets as a Non-stimulant ADHD Treatment for Children and Adolescents