G8 Education Limited (ASX:GEM) is accelerating its acquisition strategy through the purchase of more centres for $25.7 million.
The provider of developmental and educational child care services has inked deals to buy 19 premium centres from different vendors.
Subject to approvals the company expects to settle the acquisitions before the end of October and will fund the purchase through existing cash reserves.
G8 says the transaction will boost the number of places by 1,213 and takes the total number of places in its Australian portfolio to 29,703 per day.
G8 Education reported a net profit of $31 million in the full 2013 financial year.
