Amadeus FiRe AG (AAD.DE), that provides personnel services and professional training, Wednesday said that it has acquired e-learning platform Masterplan com GmbH.
The enterprise value is approximately 20 million euros, subject to adjustments for net debt and current assets.
Masterplan is active in Germany's rapidly expanding EdTech sector, which is expected to grow more than 13% annually to reach about 17 billion euros by 2030. The company provides more than 3,500 video courses in more than 26 languages and counts over 300 businesses among its clients.
"This acquisition is a strategic milestone for our growth in the area of digital training," said Robert von Wülfing, CEO of Amadeus Fire AG. "With Masterplan, we are expanding our training portfolio with a scalable SaaS platform and establishing the basis for a high-growth model in the B2B segment. This move elevates us to the league of EdTech providers," said Robert von Wülfing, emphasising the relevance of the acquisition.
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