RM sells TTS education resources unit to Eduviva for up to GBP 53.5 million

Bitget2026/09/29 15:08

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Eduviva Group agreed to buy RM’s TTS unit for enterprise value up to GBP 53.5 million, including assumed GBP 14.2 million lease liabilities.
Upfront consideration GBP 36.3 million, reduced to GBP 32.6 million at completion via locked-box and other adjustments.
Deal includes up to GBP 3 million cash earn-out tied to TTS performance in the 12 months post-completion.
Net cash proceeds of about GBP 31 million expected to cut net debt about 50% to roughly GBP 34 million at Nov. 30, 2026.
Transaction shifts RM toward its Assessment business; annualized cost savings of about GBP 5 million targeted by FY28.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. RM plc published the original content used to generate this news brief via EQS News (Ref. ID: UK-Regulatory_2407312_en) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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RM sells TTS education resources unit to Eduviva for up to GBP 53.5 million

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