John Walshe Education Editor THE shake-up in the highly-competitive private colleges sector continues apace with the acquisition of the European Business School (EBS) by the Dublin Business School (DBS).
The European School was founded in 1993, and is a member of the EBSI Group, a collective of eight independent business schools located throughout Europe. The school offers a variety of undergraduate and postgraduate courses for 'study abroad' students.
Its founder and managing director Francis Kelly was a majority shareholder prior to the latest acquisition. The terms of the agreement have not been disclosed.
Mr Kelly will continue to run the European Business School Dublin programmes following the acquisition. The school, which will share space with a DBS site in central Dublin, will retain its name.
He said that "this is an exciting development for us. Our integration into DBS will add significant value to the educational experience of our students, given DBS's excellent academic reputation, its facilities and services".
Established in 1975, DBS has around 6,000 students with 300 staff members, who provide an array of undergraduate, postgraduate and professional programmes.
In 2003, DBS was taken over by Kaplan Inc, a wholly-owned subsidiary of The Washington Post Company. Kaplan, based in New York.
It provides higher education, professional training, test preparation, learning programmes and publishing services.
Kaplan reported that it had revenue of more than $1.4b last year.