Announcement of Joint Venture

RNS Number : 9919Z

RM PLC

01 October 2009

 

1 October 2009

RM to supply learning technologies products in the MENASA region

RM has extended its international activities with the establishment of a new joint venture business, RM MENASA, based in Dubai. 

RM MENASA will, through subsidiaries licensed to trade in each country, provide educational ICT products and services to schools in the Middle East, North Africa and South Asia (MENASA). It will be the exclusive distributor of RM's learning technologies products in the MENASA region.

The new business is a joint venture between RM and a local partner experienced in the MENASA education sector. RM will have management control of the business, providing both the Chairman and Chief Executive Officer. The initial focus of RM MENASA will be developing relationships with school operators in the Middle East, and providing educational technology services to governments and Ministries of Education in the region.

Terry Sweeney, Chief Executive of RM, said:

'Increasing sales of RM's products in selected international territories is a central part of my strategy for the Group. The Middle East has well-established links with UK education, as well as continuing growth in education budgets, so represents a major opportunity for us.' 

For further information, please contact: 

Mike Greig/Phil Hemmings, RM plc	08450 700300
Chris Blundell/Franziska Boehnke, Brunswick	020 7404 5959

Notes:

• The RM Group is a leading provider of educational solutions that help teachers to teach and learners to learn. RM works closely with educationalists to create new products, processes and technology which improve education. RM is listed on the main market of the London Stock Exchange under the symbol RM.L, ISIN GB0002870417. Further details are available at ww.rm.com/investors and through the Group's investor blog at rminvestors.wordpress.com

• RM MENASA is a limited liability company based in Dubai. It is jointly owned by GEMS MENASA (Cayman) Ltd (a division of GEMS Education) and by RM Education plc (a wholly owned subsidiary of RM plc).

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