Reducate Edtech Group is acquiring THAR and LearnLet. As a result, the e-learning provider grows to 175 employees and an annual turnover of 23 million euros. With the acquisition, the group now serves more than 100,000 customers in forty different target groups.
Breda e-learning company THAR focuses on learning solutions for practical employees in transport and logistics. LearnLet is a Danish training provider specializing in online continuing education for teachers. These are the first deals after Reducate Edtech Group acquired industry peer E-learning Made Easy (EME) last year.
Reducate is responding to the demand for certified highly trained professionals in Europe. This is a market with an estimated annual turnover of five to ten billion euros. Worldwide, the EdTech market is about 400 billion euros and growing at fourteen percent a year.
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