Apollo Education Group Inc. (Nasdaq: APOL) has acquired German education services provider Career Partner GmbH for up to $117 million in cash. The purchase price consists of a $105 million upfront payment and up to an additional $12 million that is based on the target’s future financial performance.

Career Partner, based in Munich, Germany, provides human resources and higher education services, including corporate training and online courses to more than 5,000 students.

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