Edxus Group Seeks to Consolidate European Edtech Companies

A EUROPEAN UNION: Old country will be making some serious moves into the new game. Edxus Group, an London-based company "formed to acquire and develop e-Learning business across Europe," is looking to spend €50-60 million ($64-$77M) to consolidate education companies, according to TechCrunch. The team consists of former business and investment execs from the likes of Time Warner and Apex Partners. (It's not clear how much experience they have in the education sector.) In the coming months, the group will be focusing on consolidating e-learning companies in Northern Europe and UK markets. Some of the supporting funds come from investment advisory firm, IBIS Capital, which released a detailed report earlier this year on the edtech industry. The two groups will be sponsoring the first-ever Edtech Europe summit in June.

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