AcadeMedia acquires FAWZ and broaden its German business
AcadeMedia has acquired all shares in Fürstenwalder Aus- und Weiterbildungszentrum gGmbH (FAWZ). The acquisition includes operations in preschool, compulsory school, upper secondary school, and adult education, and it broadens AcadeMedia’s existing business in Germany to include education from preschool to adult education. FAWZ had a turnover in 2021 of approximately EUR 22.6 million and EBITDA of approximately EUR 2.4 million.
“Through the acquisition of FAWZ, we broaden our business in Germany and create further expansion possibilities. The acquisition is in line with AcadeMedia’s strategy to expand our international business and it strengthens our position as a long-term education provider in Germany. Conversations have been held for quite some time and we are very happy that FAWZ finally is a part of the AcadeMedia family. Now, we look forward to growing these new educational areas, both organically and through acquisitions”, says Marcus Strömberg, CEO of AcadeMedia.
The acquisition in brief
- The purchase price for Fürstenwalder Aus- und Weiterbildungszentrum gGmbH (FAWZ) amounts to EUR 19 million.
- The cash and debt-free value (Enterprise Value) amounts to EUR 13.5 million and include four properties with a book value of EUR 6.5 million.
- The seller is the founders.
- AcadeMedia deem that population growth, and thus the need for schools, is expected to grow in the Berlin/Brandenburg region in the coming years.
About FAWZ
FAWZ run one preschool, seven compulsory schools, three upper secondary schools and adult education in Fürstenwalde and nearby towns in Germany. During the 2021 fiscal year, the company had approximately 40 preschool children, 1,800 compulsory and upper secondary students, and approximately 500 adult education participants. The number of employees were 320.
FAWZ had a turnover in 2021 of approximately EUR 22.6 million and EBITDA of approximately EUR 2.4 million. FAWZ’s educations are primarily financed by the State of Brandenburg via school vouchers, similar to the Swedish system, as well as through state- and company-procured adult education.
Integration with AcadeMedia
FAWZ will be included in AcadeMedia’s German business. In the external financial reporting, the business will be reported as a part of AcadeMedia’s Preschool Segment, which also includes all international business.
For more information, please contact:
Kristofer Hammar, Director of business development at AcadeMedia
Telephone: +46 70-105 22 08
E-mail: kristofer.hammar@old.academedia.duvadev.se
Hanna Clausén, IR
Telephone: +46 8 794 42 62
E-mail: hanna.clausen@old.academedia.duvadev.se
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.old.academedia.duvadev.se.
The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET November 8, 2022.
About us
AcadeMedia creates opportunities for people to develop. Our 18,870 employees at our 700 units (preschools, primary schools, high schools, adult education) have a common focus on quality and development.