123fahrschule Acquires FOERST GmbH to Enhance Driving Simulation Offerings

On May 12, 2024, 123fahrschule SE announced the acquisition of all shares of FOERST GmbH, a notable developer of driving simulators based in Wiehl, Germany. This strategic move aims to expand 123fahrschule's capabilities in driving simulation technology, an area where FOERST GmbH has been a pioneer since 1976.

The acquisition will allow 123fahrschule SE to enhance its educational tools, anticipating a shift towards more simulator-based driver training in Germany, driven by the scarcity of manual vehicles. This transition is expected to make the training process more efficient, economical, and significantly quicker, while also reducing CO2 emissions.

123fahrschule plans to integrate its own software solutions into FOERST GmbH's product line, further enriching the learning experience provided to driving students across Germany. The total purchase price, subject to adjustments, will be paid in shares of 123fahrschule SE, potentially until the end of 2026.

The deal, set to close on July 1, 2024, highlights 123fahrschule SE's commitment to innovating the driver education market both nationally and globally, emphasizing sustainability and advanced technology.