Boston, MA–August 29, 2006–Thomson ELT, a leading provider of materials for English language teaching (ELT) and learning throughout the world and part of The Thomson Corporation (TSX: TOC; NYSE: TOC), announced today that it has completed the acquisition of Greece-based publisher, New Editions. The acquisition enhances and deepens Thomson ELT portfolio by providing primary and British English courseware for global ELT markets. Financial terms of the acquisition were not disclosed.
New Editions is an English Language Teaching (ELT) publisher focused on the K-12 education market, with more than 500 British English titles in print. New Editions was founded and owned by Sophia Zaphiropoulos and Carl Wantenaar. It is based in Athens and serves customers throughout the world. New Editions has 40 employees.
“We are pleased to announce the acquisition of New Editions and its high quality ELT list. This acquisition adds scale for us in Europe and in British English and brings us our first product for primary markets as well. We feel it is an excellent fit in every respect and are confident that we can leverage the product globally through Thomson channels,” said Dennis Hogan, president of Thomson ELT.
“We are very pleased to be a part of the Thomson Corporation and are excited about the future prospects of our combined operations,” said Sophia Zaphiropoulos, founder of New Editions. “Together we are positioned to offer our English Language Teaching materials to more students worldwide than ever before and look forward to developing even more market specific product in conjunction with the local Thomson offices all around the world!” said Carl Wantenaar, publisher of New Editions.
About The Thomson Corporation and Thomson ELT
The Thomson Corporation (www.thomson.com), with 2005 revenues of $8.40 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 40,000 employees and provides services in approximately 130 countries. The Corporation’s common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC). Thomson ELT is a leading provider of materials for English language teaching and learning throughout the world. It publishes under the brands of Thomson, Thomson ELT, and Thomson Heinle. You can learn more about ELT Advantage and Thomson ELT by visiting us on the web at elt.thomson.com.