AC EDUCATION COMPLETES ACQUISITION OF NATIONAL TEACHERS COLLEGE

ANX

From Fred Ayala, President

 

Dear UNC Community,

I am pleased to share with you that AC Education, Inc. (“AEI”), the wholly-owned education arm of Ayala Corporation, completed the acquisition of National Teachers College (“NTC”) on April 30, 2018.  With this transaction, AEI now owns approximately 96% of the outstanding voting shares of NTC.  AEI was selected by the NTC Board and its shareholders through a competitive bid process.

NTC will allow us to expand our education platform, together with APEC Schools and University of Nueva Caceres.   NTC is located on Nepomuceno Street, Quiapo, Manila and was founded in 1928, as the first school in the country to offer General Education leading to a Bachelor of Science in Education.  It has a long track record of commitment to excellence in teaching, growth and inclusion, with almost 10,000 students from Basic to Higher education. It is one of the most well-recognized teacher education institutions in the country, with Level III Accreditation from PACUCOA for its Bachelor programs in Elementary and Secondary Education, and over 3,500 Education students in both college and graduate programs.  NTC also offers programs in Accountancy & Business, Arts & Science, Hospitality Management and Information Technology.  Together with NTC, AEI’s combined population is approximately 34,000 students.

We are very pleased to be part of NTC, given its 90-year heritage, excellent track record and well-known brand in teacher education, its new and fast-growing programs in business and information technology, well-regarded faculty who are steeped in both theory and experience, employees’ unflagging dedication and vibrant school spirit.  NTC’s addition to our AEI family, will help us to serve the UNC community better, and advance our mission of transforming lives through education.  We remain steadfast in our vision and are committed to implementing the plans and programs we have shared with you.

If you have any queries, please send them to info@aceducation.ph.

Very truly yours,

fred