Nemzedékek Tudása Tankönyvkiadó Zrt. (NTK) is owned by NTK Oktatási Holding Zrt., which belongs Sanoma. The more than 60 years old NTK is the leading textbook publishing house of Hungary. It produces modern learning materials fitting 21st-century needs for primary and secondary school students and teachers, and for college and university students too. NTK publishes more than 2500 textbooks and learning aids. NTK has a wide range of products for minority pupils and for students with special pedagogical needs as well. NTK is part of the Strategic Business Unit Sanoma Learning.
Sanoma Corporation has on Tuesday sold its learning operations, NTK Educational Holding Zrt, in Hungary to a consortium of members of the management team.
“The divestment of our learning operations in Hungary is related to a long period of adverse conditions in the Hungarian education market. The transaction in Hungary does not change our focus on consumer media and learning,” said Harri-Pekka Kaukonen, President and CEO of Sanoma Corporation, in a statement.
In 2012, the net sales for NTK Educational Holding Zrt totalled some EUR 21 million. As a result of the transaction, Sanoma will book in the third quarter of 2013 a non-recurring capital loss of around EUR 23 million.
Hungary’s oldest and market leading textbook publishing house, Nemzeti Tankönyvkiadó (National Textbook Publishing House), was renamed in February to Nemzedékek Tudása Tankönyvkiadó (Wisdom of Generations Textbook Publishing House), ahead of the implementation of new textbook regulations.
The new National Curriculum and the frame curricula connected to became operative as of 1 September and textbook distribution is also carried out according to a new system.
“NTK is prepared for the changes and in case the new regulations are ready and implementable in due time, NTK will prepare its publications and deliver them to the schools before the beginning of the new term in September,” Sanoma said in a statement in February.
The changes of the regulations concern the contents of textbooks and their distribution as well. The distribution from this year is executed by Könyvtárellátó Kiemelten Közhasznú Nonprofit Kft. (Library Supply Distribution Co.).
Source and read more: portfolio.hu