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    PRX   NL0013654783

PROSUS N.V.

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Prosus N : to acquire majority stake in GoodHabitz

06/15/2021 | 02:04am EDT

AMSTERDAM - 15 June, 2021 - Prosus N.V. ('Prosus'), a global consumer internet group and one of the largest technology investors in the world, announced today that it has acquired a majority stake in GoodHabitz B.V. ('GoodHabitz'), a European provider of online training for businesses, for approximately €212 million.

GoodHabitz was founded in 2011 and provides enterprise clients with a broad range of cost-effective soft-skills, such as leadership and management skills,digital learning content relevant to their entire employee base - currently delivering 150 courses available across eight languages. Since its founding, GoodHabitz has developed a strong enterprise client base in all market segments. From 2016, GoodHabitz has expanded from its original market in the Netherlands into nine further European markets and is one of the few profitable, scale players in EdTech in Europe.

'If this past year has shown us anything it is that technology can fundamentally change a sector and enable it to scale much quicker, and this is especially true in learning and education. The future of workplace learning is rapidly evolving and the companies that can engage their employees in a digital environment successfully will do well moving forward,' said Larry Illg, CEO of Prosus EdTech. 'There is a significant need across businesses of all sizes to offer their people engaging, easy-to-consume training. GoodHabitz has built a successful business delivering highly polished but fun content that meets that need perfectly and we are looking forward to helping the team expand the business further as part of Prosus.'

GoodHabitz will continue to be led by Founder and CEO, Maarten Franken. Mr. Franken is a seasoned executive with deep experience in the EdTech market, having previously founded and led another education-focused company. He has a successful track record at GoodHabitz and will continue the company's drive into new markets.

'We look forward to becoming part of the EdTech powerhouse that Prosus is building,' said Maarten Franken, CEO at GoodHabitz. 'Companies around the world face big challenges effectively educating their workforces, particularly now with the explosion in home working over the last 15 months. We hope to accelerate our international growth working with the Prosus team, helping more customers build a workforce that is ready for the future through enabling more people to access online training.'

Press contacts:

GoodHabitz - Sabine Post - de Jong, Confidant Partners, [email protected]Prosus - [email protected]

Disclaimer

Prosus NV published this content on 15 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2021 06:03:05 UTC.


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Sales 2022 7 258 M - -
Net income 2022 6 030 M - -
Net cash 2022 1 661 M - -
P/E ratio 2022 23,0x
Yield 2022 0,06%
Capitalization 139 B 139 B -
EV / Sales 2022 18,9x
EV / Sales 2023 15,8x
Nbr of Employees 23 939
Free-Float 26,4%
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Number of Analysts 21
Last Close Price 72,90 €
Average target price 123,96 €
Spread / Average Target 70,0%
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Robert van Dijk Chief Executive Officer & Executive Director
Vasileios Sgourdos CFO, Financial Director & Executive Director
Jacobus Petrus Bekker Non-Independent Non-Executive Chairman
Patrick Luke Kolek Group Chief Operating Officer
David Tudor Group General Counsel & Compliance Officer
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