Educomp Solutions Ltd (ESL), a globally diversified education solutions provider, has signed up a 50-50 strategic partnership contract with EuroKids International Private Limited (“EIPL”), a specialist in pre-school education.
    
The proposed deal includes the acquisition of existing company shares as well as an infusion of additional capital into EuroKids for future expansion.

According to the sources, the agreement has also a provision for ESL, to hike its stake in stages to 74% over duration of time.
 
The major activity of EuroKids International is to provide pre-school education in India, whereas Educomp Solutions Ltd is the largest education company in India, which offers globally diversified education solutions.

Indicating their future roadmap, the two companies have stated that they will combine together to build a network of 1000 Pre-Schools in India over the coming 3 fiscals.
    
Commenting on the partnership, Mr. Shantanu Prakash, Managing Director, Educomp Solutions Limited, remarked, “Educomp has made a strategic investment in EuroKids to leverage the company’s established presence in early child care education. We see immense potential in the early child care education market in India which is highly under served. The EuroKids Group is one of the largest companies in this space and has an excellent reputation for quality. Our partnership will also enable EuroKids to accelerate its growth process and together we intend build an institution of exceptional quality.”
 
Further lecturing on this development,  Mr. Uday Mathur,  Managing Director, of EuroKids International Private Limited, comments, “Progressively more parents In India understand the need of “Early child care and education” and this segment is growing very rapidly in India. Our partnership with Educomp Solutions will provide our combined resource pool, an opportunity to bring in the best teaching aids and solutions to children across the country.”