MVISE AG to Acquire Stake in 123fahrschule SE

mVISE AG plans to acquire a minority stake in 123fahrschule SE. The acquisition will be through a cash capital increase in 123fahrschule and funded by a similar increase in mVISE AG. Potential investors, including shareholders of 123fahrschule, have shown interest. Discussions on the agreement's structure and timetable are ongoing.

Ralf Thomas joins 123fahrschule's Executive Board, while Ender Tezel and Mathias Brüne are appointed to mVISE's Executive Board. Their collaboration aims to integrate technology into driving school operations, especially with impending industry reforms. mVISE will leverage its experience in enterprise software to advance 123fahrschule’s software platform, targeting efficient operations and developing partnerships with other driving schools.

mVISE's capital increase will bolster its equity, with several creditors ready to convert loans into shares. This move could reduce mVISE's long-term liabilities by nearly 60%. The partnership, reflecting a long-term commitment, seeks to enhance both companies' value through complementary strengths.