Training providers Mercia Group have been taken over by Central Law Training (CLT), a subsidiary of Wilmington Group plc, in a deal that is ultimately worth 11.5m.
Merica Group Limited was established in 1979, and is well known to many accountants as a popular and successful provider of continuing professional education, development, and publisher. The company has a client base of some 4,000 accountancy practices and over 1,000 subscription clients. Its turnover in the year ending 30 June 2006 was 6.35m, with an operating profit of 687k.
In a statement Wilmington said the acquisition of Mercia will strengthen its legal & regulatory division. "It provides exciting opportunities for leveraging key brands and databases into the accountancy sector," the company added. "The strategic fit of Merci...
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