São Paulo-based Arco Platform, an educational software company that offers technology, services and content from kindergarten to high school, has acquired COC and Dom Bosco Learning Systems, for a total purchase price of 800.4 million reais (£109.3 million).
COC and Dom Bosco have a 50-year academic track record in Brazil, catering to 800 partner schools and around 210,000 students in all regions of the country, from pre-K to high school and pre-university. The brands have a strong presence in the Southeast region of Brazil, especially in the state of São Paulo.
The incorporation of COC and Dom Bosco into Companhia Brasileira de Educação e Sistema de Ensino, Arco’s subsidiary incorporating the acquired businesses, is expected to be concluded in the first quarter next year.
Ari de Sá Neto, founder and chief executive of Arco, said: “The acquisition of COC and Dom Bosco learning systems reinforces our strategy to further strengthen our positioning in Core solutions for the private K12 segment. It brings geographical and price complementarity to our core portfolio, allowing our platform to better serve the overall market.”
Date published: 4 October 2021