Downers Grove - Becker Professional Education , a subsidiary of DeVry Education Group , announced that the acquisition described above of the Association of control specialists against money laundering certified for $ 330 million was closed . The acquisition was financed through a combination of cash and debt .
ACAMS is the largest international organization dedicated to improving knowledge and skills of anti- money laundering and financial crime professionals prevention. The acquisition of Becker promotes global growth strategy in vocational education and strengthens the position of Becker as a leading provider of continuing education for professionals. With a total addressable market potential of over $ 2 billion , ACAMS is expected to generate revenue in 2017 in the lower range of $ 40 million.
"ACAMS is a great organization that we are proud to welcome the Becker family," said John Roselli, president of Becker Professional Education. "ACAMS has an outstanding leadership team, membership base, and educational platform, with significant growth opportunities we expect to accelerate through integration with our training network. It was a strategic transaction that we allows to leverage our core competencies to Becker and we look forward to contributions ACAMS' to our future."
ACAMS financial results will be included in Becker Professional Education under the Education Professional International segment and DeVry Group.
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