AcadeMedia is negotiating an acquisition in Germany

AcadeMedia 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.

For more information, please contact:
Hanna Clausén, IR
Telephone: [phone]
E-mail: [e-mail]

Kristofer Hammar, Director of business development at AcadeMedia
Telephone: [phone]
E-mail: [e-mail]

About AcadeMedia
AcadeMedia creates opportunities for people to develop. The 18,800 employees at our 700 preschools, compulsory schools, upper secondary schools and adult education centres share a common focus on quality and development. Our 192,500 children and students are provided with a high quality education, giving them the best conditions to attain both learning objectives and their full potential as individuals. AcadeMedia is Northern Europe ́s largest education company, with locations/facilities/presence in Sweden, Norway, Germany, and Netherlands. Our size gives us the capacity to be a robust, long term partner to the communities we serve. More information about AcadeMedia is available on www.academedia.se.

The information was submitted for publication, through the agency of the contact persons set out above, at 09:10 CEST October 4, 2022.

https://news.cision.com/academedia-ab/r/academedia-is-negotiating-an-acquisition-in-germany,c3641963

https://mb.cision.com/Main/14380/3641963/1634162.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English