John Wiley & Sons (JW-A) to Acquire Deltak.edu for $220M
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John Wiley & Sons, Inc. (NYSE: JW-A) (NYSE: JW-B) announced today that it has agreed to acquire Deltak.edu, LLC, a privately held Chicago-based leader in higher education and online learning services, for $220 million.
The acquisition, which is expected to close by the end of October, will significantly accelerate Wiley’s digital learning strategy and diversify the company’s service offerings to include operational and academic solutions for higher education institutions. For the fiscal year ended September 2012, Deltak’s revenue was $54 million. Deltak will contribute solid growth to both Wiley’s Global Education business and Wiley overall.
The acquisition, which is expected to close by the end of October, will significantly accelerate Wiley’s digital learning strategy and diversify the company’s service offerings to include operational and academic solutions for higher education institutions. For the fiscal year ended September 2012, Deltak’s revenue was $54 million. Deltak will contribute solid growth to both Wiley’s Global Education business and Wiley overall.
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