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123fahrschule SE gears up for training overhaul

EditorFrank DeMatteo
Published 10/15/2024, 08:28 PM
123F
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COLOGNE - The Federal Ministry of Transport unveiled its extensive amendment to learner driver training, setting the stage for 123fahrschule SE (Düsseldorf Stock Exchange:123F), a leader in digital driving school education in Germany, to advance its modernized training approach. The introduction of online theory and simulator use, among other updates, is expected to significantly change driving school training starting early 2026.

These reforms align with 123fahrschule's strategy to incorporate e-learning and simulation into driver education, aiming to enhance efficiency and reduce costs associated with its vehicle fleet. The company projects these changes will bolster its market share, particularly in large urban areas, where it plans to focus its expansion.

123fahrschule anticipates that the new training modalities will lead to increased sales of driving simulators and overall improvements in the training process. The Federal Ministry of Transport has committed to providing detailed public information soon.

The company's management is analyzing the potential impacts of these amendments on its operations and will discuss their implications with investors at a round table hosted by Nuways on October 21. Investors interested in the discussion can register to attend.

This news, based on a press release statement, marks a significant shift in the driving school industry, with 123fahrschule SE at the forefront of integrating technology into driver education. The company's adaptability to these changes may set a precedent for the future of driving schools in Germany and potentially influence similar reforms internationally.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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