Imarticus Learning acquires Singapore's Bells Institute of Higher Learning for Rs 800 Cr
With this acquisition, the combined entity, with an employee strength of more than 1,100 employees, will operate from over 25 offices across India and Singapore.
Imarticus Learning, an edtech firm, has acquired Singapore-based BELLS Institute of Higher Learning, expanding its reach in Southeast Asia. The acquisition is valued at approximately Rs 800 crore, based on insider information. Imarticus Learning described the deal as its first international acquisition, marking a pivotal moment in its expansion trajectory. The company's statement revealed that this acquisition cements Singapore as its base for operations in Southeast Asia.
Post-merger, Imarticus Learning, employing over 1,100 individuals, will run multiple offices across India and Singapore. The company's primary focus lies in finance and professional education within India. The acquisition of BELLS brings a diverse portfolio to Imarticus Learning, encompassing enterprise learning, artificial intelligence, data analytics, technology, and workforce development.
This strategic move also solidifies BELLS' existing relationships with the Singapore government, SkillsFuture Singapore, and key enterprises in the region.
Speaking on the acquisition, Nikhil Barshikar, CEO of Imarticus Learning, expressed enthusiasm for the next phase of growth. He highlighted that the partnership with BELLS establishes a strong foundation for expansion across Southeast Asia.
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