RM’s subsidiary TTS has purchased specialist musical supplies company Music Education Supplies (MES) for £1m (£0.8m upfront and £0.2m depending on performance). MES, whose turnover last year was £1.44m, will now be merged into TTS.
Tim Pearson, RM’s CEO, described the purchases of TTS (in 2004) and MES, as being part of a new strategy to ‘form a broader education resources division’.
· www.rm.com
· www.tts-group.co.uk
RM’s subsidiary TTS has purchased specialist musical supplies company Music Education Supplies (MES) for £1m (£0.8m upfront and £0.2m depending on performance). MES, whose turnover last year was £1.44m, will now be merged into TTS.
