AcadeMedia AB (publ) (OM:ACAD) has initiated negotiations to acquire Fürstenwalder Aus- und Weiterbildungszentrum gGmbH with compulsory school and adult education business in Brandenburg Germany. The business had a turnover in 2021 of approximately EUR 22 millon. A potential deal would increase AcadeMedias's presence in Germany, which is in line with the growth strategy for AcadeMedia.

We have chosen to disclose information on the ongoing negotiations due to rumours circulating in Germany. Further information will be provided if the deal is concluded.