According to the group, this is its first acquisition outside of South Africa and is in line with ADvTECH’s growth strategy of investing in leading and established school brands.
“Following on from the acquisitions of Centurus, Kathstan and Maravest, this transaction progresses our plans to expand into other emerging markets and into lower-fee schools,” said [DATA ADH:ADvTECH] chief executive, Leslie Maasdorp.
“GIS aligns to our promise to deliver quality private education to students outside of South Africa’s borders.”
GIS, which was founded in 1993, currently has 1,800 students, with adequate space on the existing campus to build additional classrooms.
Craig Chow, owner and outgoing chairman of GIS said, “Following an extensive review of possible partners, we are delighted that ADvTECH will lead the next phase of GIS’ growth.”
“As a leader in the private education market, ADvTECH brings the right values, significant expertise and back office experience in providing quality private education to Botswana,” he added.
(WATCH VIDEO: ADvTECH strikes a R450 mln deal with Maravest)
ADvTECH further stated that GIS would fall into the newly established ADvTECH Academies brand and that the schools under ADvTECH Academies will service their local communities and retain their own identity, whilst operating autonomously.
The group also indicated that the current GIS education, management team and student’s curriculum will remain unchanged and that the proposed acquisition is subject to approval of the Botswana Competition Authority.