Business
RM to form joint venture with
RM to form joint venture with.
About this update from Rm Plc
[{"type":"text","content":"\n RNS Number : 9678L RM PLC 17 May 2010 \n \n\n17 May 2010\n \nRM to form joint venture with LEGO Education\nRM has signed a letter of intent with LEGO Education which sets out the two companies' intention to create a joint venture which will become the exclusive distributor of LEGO Education products to education customers across Europe. \nThe joint venture will take the form of a new company, to be called LEGO Education Europe Ltd, which will be owned 51% by the LEGO Group and 49% by RM, with day-to-day operational activities provided by RM's Education Resources division. As part of the proposed agreement between LEGO Education and RM, the new company would hold exclusive European education distribution rights for LEGO Education products, initially for ten years from January 2011.\nLEGO Education Europe will build on the strong distribution network currently operated by RM Group company DACTA. As well as continuing to provide LEGO Education products through this channel, the new company will establish an online LEGO Education community, and provide further unique education support, training and materials for the products.\nTerry Sweeney, Chief Executive of RM, said:\n\"Through DACTA, RM has already established a strong presence selling and supporting LEGO Education products in Europe - there's still plenty of opportunity for growth though. Working together, RM and LEGO Education's objective is both to increase sales and to develop a more distinctive and valuable education offer. Both companies share similar values and a commitment to providing an excellent customer experience. I look forward to extending our relationship.\"\nJacob Kragh, President of LEGO Education, said: \n\"LEGO Education products are gaining increasing recognition for supporting 21st century skills. When we were looking to provide more value to the education establishments who choose our products, it was clear that RM had a lot to offer. The RM Group is a leader in education solutions and, under RM's ownership, DACTA has clearly demonstrated its capabilities as a specialist distributor of our products.\" \n \nFor further information, please contact: \n\n\n\n\nIain McIntosh/Phil Hemmings, RM plc\n\n\n08450 700300\n\n\n\n\nChris Blundell/Franziska Boehnke, Brunswick\n\n\n020 7404 5959\n\n\n\n\nJan Christensen, the LEGO Group ...