The Neue Börse will remain in the building until 2017, at which time EF says it will modernise the space before moving in the spring of 2018.
EF is currently headquartered in Lucerne but has administrative offices around Switzerland. The move will centralise 1,000 employees in Zurich.
“This acquisition provides EF with the opportunity to strategically grow in a prominent international city where our employees can live, work and play,” said spokesperson Yvonne Kolar.
“This acquisition provides EF with the opportunity to strategically grow in a prominent international city where our employees can live, work and play”
“Since 1969, EF has had a strong presence in Switzerland and we look forward to continued growth in this important European market.”
The swiss stock exchange is operated by financial service provider SIX Group and will relocate to Zurich-West district.
Established in 1965, EF has 500 schools and offices in over 50 countries. It is the official language training supplier of the Rio 2016 Summer Olympics.
In 2003 it acquired Hult International Business School which in 2014 formed a strategic partnership with Ashridge Business School in Hertfordshire, England, to offer part-time international business education courses for working professionals.
In 2014, EF also launched its Standard English Test, the first free adaptive online assessment test of linguistic ability, promoted by LinkedIn.