AEC Education Plc, a Singapore-based provider of education services, has acquired London-based rival Malvern House Group for up to £3.9 million. 

AEC Education Plc, a Singapore-based provider of education services, has acquired London-based rival Malvern House Group for up to £3.9 million.

Malvern House specialises in English language training for foreign students, but also provides courses in business administration, travel, tourism and foreign languages. For the 12 months ending June 2008, Malvern House generated revenues of £6.1 million and pre-tax profits of £626,000.

Liam Swords, chairman of AEC, said: “We do not have a presence in the UK and we have been seeking a suitable acquisition. Malvern House represents a highly complementary fit with our existing operations. We already have a large student network in the Far East and demand for UK-based study, especially in London, is strong and continues to grow.”

AEC reported a turnover of £6.1 million and profits after tax of £596,000.