Kidicorp is to take over NZ’s ABC early childcare centres
The purchase will mean Kidicorp operates 230 centres nationwide, with 3500 staff and 15,000 children.
It is also buying the New Zealand College of Early Childhood Education in Christchurch.
Kidicorp hasn’t disclosed the purchase price, but told Radio New Zealand that the new centres will effectively double the size of its business.
Managing director Wayne Wright said there are no plans to change the ABC brand or close centres, and the combined group will now represent about 8% of the early childcare education market.
Kidicorp, a former NZX firm, is privately owned by a family trust of Wayne and Chloe Wright in Tauranga. The Wrights had a long term vision to make a positive difference in children’s lives.
The purchase should be complete by October 28.