Ad hoc announcement pursuant to Art. 53 LR
CREALOGIX focuses on digital banking. In the logical implementation of this strategy, CREALOGIX is selling the majority of its digital learning business, which is operated by its subsidiary, Swiss Learning Hub AG. The majority acquisition by a Swiss investor group is taking place within the framework of a management buy-out.
The Swiss Learning Hub employs around 50 people in Zurich. Their total contribution to the results of the CREALOGIX Group to date has been around 10% of total sales. The digital learning business was spun off into a separate subsidiary, Swiss Learning Hub AG, in 2019.
The majority shareholder is a Swiss group of investors centred on blue8 AG, which is planning a 'buy & build' growth strategy with its investment in future. The transfer of 67% of the shares of Swiss Learning Hub AG will take place retroactively from 1 August 2022. The remaining shares can be acquired in future. It was agreed not to disclose the purchase price.
Oliver Weber, CEO of the CREALOGIX Group, stresses that:
"CREALOGIX has its core competency in digital banking. With the sale of the majority shareholding we are underlining our strategic focus. The Swiss Learning Hub will continue on its already successful direction of travel with the new investors."
Urs Widmer, CEO of Swiss Learning Hub AG, expresses his delight at this new move:
"As Switzerland's leading EdTech company, we are convinced that together with our investors, and on the basis of a 'build & buy' strategy, we can achieve major growth both nationally and internationally."