Navitas Limited (ASX:NVT) is a leading provider of education services with over 80,000 students in locations worldwide.
The company announced that it has signed an agreement with The Hague University of Applied Sciences (THUAS) for a new pathway college. This will continue to expand its presence in the Netherlands.
THUAS consists of faculties, research groups and service departments. More than 25,000 students are enrolled in Bachelor, Master or post-graduate programmes at one of THUAS’s four sites which employ more than 1,900 people.
The pathway college will commence teaching from 1 September 2019 and the agreement is for a five year period. Other ‘Pathway Programmes’ may be developed in the future by mutual agreement of the parties.
Nativas Group Chief Executive Officer David Buckingham said “We are delighted to be partnering with The Hague University of Applied Sciences in the continuation of our expansion into the Netherlands.”
Rajash Rawal, member of the Executive Board of THUAS, said “Both THUAS and Navitas strongly believe in the transformative power of education. I am convinced that by partnering up with Navitas we will continue to help even more people from around the globe.”
The Navitas share price is up 2% today in response to this news.
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.