German tech group IU Group has acquired the London Institute of Banking & Finance.
According to LIBF, the purchase was made official on 31st March 2023 and takes effect immediately. IU Group is Europe’s largest edtech company and owner of the private IU International University of Applied Sciences.
LIBF said it joins IU Group as a wholly owned subsidiary LIBF Ltd and will retain its mission.
Alex Fraser, CEO of LIBF, said: “This partnership represents an important evolution for LIBF and will allow us to make significant advancements for the future – bringing advantages and new opportunities to our students, members and staff as we look to extend our services around the world. It’s a fantastic opportunity for LIBF to partner with one of Europe’s most successful and technology-enabled education businesses.”
Dr Sven Schuette, CEO of IU Group, commented: “We are excited to welcome LIBF to the IU family. As we continue to grow, we enter a new era with LIBF allowing us to continue building on our mission that everyone can access education to grow.
“Through LIBF’s expertise in the banking and finance world and IU as a leader in edtech we see great potential for creating synergies that afford students a top-rates and customisable education no matter where they live.”
LIBF is expanding its newly co-developed range of online degree programmes with IU, with study programmes focused on data and computer science, artificial intelligence and international business management.
