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