ARCE - Arco to acquire COC and Dom Bosco learning systems for R$920M in cash

Arco Platform Limited (ARCE) has signed an agreement with Pearson Education do Brasil Ltda. to acquire COC and Dom Bosco, two important K-12 learning systems in Brazil, for R$920M in cash.80% of the purchase price payable at the time of closing and the remaining 20% on the first anniversary of the closing date. “The acquisition of COC and Dom Bosco learning systems reinforces our strategy to further strengthen our positioning in Core solutions for the private K-12 segment. It brings geographical and price complementarity to our Core portfolio, allowing our platform to better serve the overall market,” said Ari de Sá Neto, CEO and founder of Arco. The company expects to enhance the growth of COC and Dom Bosco by updating their content and technology, improving distribution and customer service capabilities.

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Arco to acquire COC and Dom Bosco learning systems for R$920M in cash