Nido Education acquires 9 early education services

• Nido Education has signed an agreement to acquire nine early learning services from Edge Early Learning.
• Following the announcement, Nido Education shares were down at $0.22.
• The acquisition represents the company's first deal under its selective service purchase strategy outlined in April.

Nido Education (ASX:NDO) has entered into a business sale agreement to acquire nine early education services operated by Edge Early Learning.

The transaction marks a shift towards external expansion after previously relying primarily on its greenfield incubation model for growth.

The agreement covers nine operating centres, expanding the company's network across established early learning communities while maintaining continuity for enrolled families.

Nido stated that the transaction complements its ongoing greenfield development strategy to broaden avenues for future earnings.

Following the announcement, the Nido Education share price was down to $0.22.

The company originally outlined its plan to selectively acquire operating services alongside its incubator strategy in an announcement on April 27.

Nido stated it will continue assessing additional service acquisitions that align with its operating model and investment criteria.