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Pearson buys training group EDI

By Daily Mail Reporter
Updated: 04:49 EDT, 8 March 2011

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Pearson is swallowing up a British vocational training group in the latest of a spate of acquisitions intended to boost its learning division.

The owner of Penguin Books and the Financial Times has tabled a £112.7m offer for Education Development International, sending shares in the firm soaring 73p to 197p.

EDI tests and accredits students on more than 400 vocational courses. Pearson (up 9p to 1,100p) has bought a raft of education and training companies since selling its controlling stake in financial information firm Interactive Data Corporation for £2bn last year.

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