UK publishing group, Pearson, has agreed to buy US teacher certification group National Evaluation Systems Inc (NSE), with the deal expected to add to adjusted earnings per share and return on invested capital from 2007.
According to Pearson, NES is the leading provider of customised state assessments for teacher certification in the US, working under contract with state education agencies.
NES will work alongside the Pearson Educational Measurement business in the US, which provides student assessment and testing.
Commenting on the acquisition, Steve Dowling, president of Pearson’s school companies, said “This move into teacher certification testing is a natural fit with our existing School testing capabilities and takes us into another growth market.”
Pearson recently reported a 23% increase in full year profits for 2005, living up to industry expectations. The healthy growth was fuelled by a strong educational market and a good performance in advertising revenues at the Financial Times.
Pre-tax profits for the year to December 31 rose to £422 million from £350 million, with revenue from continuing operations reaching £4.09 billion, up from £3.69 billion the same time a year ago.
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