Educational supplies company RM (LON: RM.) is disposing of two non-core businesses that are part of its RM Technology division to The Key for up to £16m. This will help to bring down net debt.
The businesses RM is selling (RM Integris and RM Finance) have technology that is used by single-site primary schools. The customer base is increasingly multi-academy trusts and investment would be required to update the technology. The Key has been building market share for single sites. The move in the education market should benefit other parts of RM.
The businesses generated operating profit o...
