German University EBS becomes part of SRH Higher Education
Frankfurt, 05 August 2016. SRH Higher Education GmbH acquires 100% of the shares of EBS Universität für Wirtschaft und Recht gGmbH. With this strategic partnership SRH expands its leading position in the higher education market in Germany and secures the long-term development of EBS University.
Heidelberg based SRH Holding (“SRH”) is the parent company of SRH Higher Education GmbH (“SRH Higher Education”). SRH operates in the health care as well as in the education sector and aims to facilitate further growth in the higher education market. Together with EBS Universität für Wirtschaft und Recht (“EBS”), SRH Higher Education operates in total 10 universities with more than 12,000 students. Universidad Paraguayo Alemana (UPA) in Asunción, Paraguay which was founded in 2013, is one of these 10 universities and underlines SRH’s endeavor to expand internationally.
Founded in 1971, EBS comprises the EBS Business School (based in Oestrich-Winkel and founded in 1971) as well as the EBS Law School (based in Wiesbaden and founded in 2011).
EBS faculty members, its Alumni Association, the EBS Foundation, and the board of EBS support the new shareholder structure.
“With SRH we have gained a strong economic partner with 50 years of experience in the education market. Having SRH as a shareholder provides an excellent base for a long-term development of the university”, said Holger Follmann, the Managing Director of EBS.
Both sides have agreed to maintain confidentiality regarding the purchase price. The brand and name of EBS as well as its campus locations, faculties and employees at EBS will remain with the university. The non-profit organization SRH Higher Education takes over the campus Oestrich-Winkel and will further invest in refurbishment and extension of the property (in particular the EBS campus building ‘Schloss Reichartshausen’).
About SRH Holding
SRH is a leading provider of educational and health services. SRH operates private universities of applied science, education centers, schools and hospitals. With 12,000 employees SRH serves 780,000 educational customers and patients per year, generating total revenues of EUR 840m. SRH Holding is the parent company, a non-profit foundation located in Heidelberg aiming to improve quality of life and life expectancy. SRH Higher Education GmbH is a non-profit subsidiary of SRH Holding. (www.srh.de)
About EBS Universität für Wirtschaft und Recht
EBS is one of the leading business universities in Germany. Approximately 2,100 students are studying at two faculties in Wiesbaden and Oestrich-Winkel. Since its establishment in 1971, the oldest private university of applied science with focus on business studies in Germany, the EBS Business School, has been educating future business leaders with international prospects. Since 2012, EBS has been awarded the prestigious EQUIS accreditation. The EBS Law School, the youngest law faculty in Germany, offers law programs and grants traditional state exam degrees as well as economic courses, including an integrated Master in Business (M.A.). Moreover, EBS offers various training schemes and executive education programs for business professionals and operates a research department focusing on business applications. (www.ebs.edu)
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