APTECH acquires MAYA academy - Franchise Mart

APTECH acquires MAYA academy

Aptech Ltd has announced its acquisition of Maya Academy of Advanced Cinematics (MAAC).The acquisition is through the takeover of 100 per cent equity shares of Maya Entertainment Ltd (MEL), the parent company of MAAC, with the deal valued at Rs 76 crore.The key shareholders of both companies signed an agreement to this effect today. MAAC, one of the largest players in the Animation and Multimedia education industry, is a premium brand with over 70 centres spread throughout India. These include company owned, semi-owned and franchise centres.Arena Animation, the leader in the field of Animation and Multimedia education in Asia, is an Aptech brand. Aptech, already a global education major, has further consolidated its domination through this move. With a network of over 1000 centres spread over 35 countries, Aptech already owns well recognised education brands namely Aptech Computer Education, Arena Animation, N Power, Avalon Academy, English Express and Aptech Worldwide.

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