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Euro childcare Co Babilou acquires stake in Amelio
Babilou, A European childcare group, announced the acquisition of a majority stake in Amelio Early Education, a Chennai-based chain of early education centres. The strategic partnership will help the company expand across India.
Chennai
Amelio currently operates 14 centres, serving the needs of 1,200 parents. Founded in 2003, Babilou, represents a network of more than 500 childcare centres, present in eight countries including Germany, Belgium, Luxembourg and the UAE. In India, the preschool and childcare market, which is pegged to grow at 23% through 2022, is facing strong demand. With this investment, Babilou aims to establish a long-term presence and rapidly increase its footprint in India through full expansion.
“We will use the knowledge and scale of Babilou’s international experience to further expand the market and enhance our offering,” said Sridevi Raghavan, Founder and CEO, Amelio.
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