Aptech Ltd. on 28 Jan 2010, announced its acquisition of Maya Academy of Advanced Cinematics (MAAC). The acquisition is through the takeover of 100% equity shares of Maya Entertainment Ltd.(MEL) , the parent company of MAAC. MAAC, one of the largest players in the Animation & Multimedia education industry, is a premium brand with over 70 centres spread throughout India. Aptech has his brand, Arena Animation, the leader in the field of Animation and Multimedia education in Asia. The deal is valued at Rs. 76 cr . In my view a great move by Mr. Ninad Karpe the CEO & MD of Aptech. This move again reposition Arena Multimedia as number 1 in Multimedia, Animation and also strenthen itself in 3D/VFX education market also.
For more details check link: http://www.animationxpress.com/index.php?file=story&id=25611