RM plc Completes Strategic Sale of TTS Business

RM plc has announced the completion of the sale of its subsidiary, RM Educational Resources Limited (TTS), to Eduviva Group AB. The transaction, valued at up to £53.5 million, aligns with RM’s strategy to streamline operations and focus on growth in its core Assessment business. Initial considerations are set at £32.6 million, with further potential payments linked to TTS’s performance within the next year.

This sale is expected to reduce RM’s net debt by approximately 50% by 30 November 2026, enhancing financial stability. Additionally, annualized cost savings of around £5 million are anticipated by FY28, supporting RM’s aim to concentrate on its EdTech and digital assessment solutions.

Mark Cook, RM’s CEO, highlights the sale as pivotal in capitalizing on global digital assessment opportunities. He expresses confidence in Eduviva’s capability to build on TTS's established success.