Trade body the London Institute of Banking & Finance has been acquired by German educational technology provider IU Group.
The trade body is now a wholly owned UK subsidiary of the International University of Applied Sciences, the university arm of IU.
The acquisition was completed on 31 March.
LIBF is planning on launching an expanded range of online degrees co-developed with its new owner.
The new online study programmes will be focused on data and computer science, artificial intelligence, and international business management.
LIBF said its mission would remain the same, but the trade body would also be looking to expand its services globally.
Alex Fraser, CEO of LIBF, said: “This partnership represents an important evolution for LIBF and will allow us to make significant advancements for the future – bringing advantages and new opportunities to our students, members and staff as we look to extend our services around the world. It’s a fantastic opportunity for LIBF to partner with one of Europe’s most successful and technology-enabled education businesses.”
With more than 100,000 students, IU International University of Applied Sciences is the largest university in Germany. The university offers over 200 bachelor’s and master’s programmes, which are offered in German or English.
