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Sanoma acquires Mr. Chadd, a Dutch tutoring platform
Globenewswire· 2026-03-10 09:00
Core Insights - Sanoma has acquired Mr. Chadd, a Dutch tutoring platform, enhancing its personalized learning offerings in the K12 education sector [1] - The acquisition aligns with Sanoma's strategy to expand its K12 learning business and adapt to the evolving educational landscape [1] Company Overview - Sanoma operates across Europe, employing nearly 5,000 professionals, and reported net sales of approximately EUR 1.3 billion in 2025 with an adjusted operating profit margin of 14.4% [6] - The company focuses on providing high-quality learning content and solutions, combining pedagogical expertise with innovative educational technologies [3][5] Acquisition Details - Mr. Chadd generated net sales of around EUR 1 million in 2025 and has been utilized by over 140,000 secondary and vocational education students [2] - The founder of Mr. Chadd will continue to work with Sanoma Learning post-acquisition, ensuring continuity and integration of the platform [2] Strategic Goals - Sanoma aims to accelerate growth in K12 education through value-creating mergers and acquisitions while responsibly leveraging AI technologies [5] - The company is committed to sustainability, aligning its strategies with the UN Sustainable Development Goals and minimizing its environmental footprint [5]