123fahrschule, the Germany based digitally driven driving school chain, has acquired Foerst GmbH, the Germany based manufacturer and developer of driving simulators for driving licence training. The total purchase price, which is still subject to certain adjustments, was agreed to be a mid-six-figure amount that can be paid in full in shares of 123fahrschule SE in several tranches at the discretion of 123fahrschule SE by the end of 2026. The new shares are to be issued at an issue price close to the stock exchange price. If this is not possible under stock corporation law, 123fahrschule Holding GmbH is entitled to withdraw from the purchase agreement, in particular if the calculated issue price of the new shares to be issued proves to be unreasonably low.
- Target – Foerst GmbH
- Buyer – 123fahrschule Holding GmbH
- Seller – Shareholders
