Intueri agrees to acquire Academy Group, adding pharmacy, floristry, building courses

Intueri agrees to acquire Academy Group, adding pharmacy, floristry, building courses
By Jonathan Underhill Dec. 4 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training company, has agreed to buy Academy Group NZ  for an initial payment of $4 million and the balance on completion of the target's 2015 accounts, adding courses for pharmacy technicians, florists, motor trades and building. The acquisition price will amount to four times 2015 earnings before interest and tax and is expected to add $5 million to Intueri's annual revenue and $1.25 million to earnings, before synergy gains, the Auckland...