Munich The listed corporate shell GFJ ESG Acquisition I is making a second attempt to acquire a start-up. The new target is London-based Learning Ltd., which would be valued at around 100 million euros if taken over, as GFJ announced on Thursday.
Learnd, which was only founded in 2020, deals with solutions for reducing energy costs and greenhouse emissions from buildings. The company is profitable with a turnover of 30 million euros. When the agreed takeover takes place, Learnd will slip into the shell of GFJ and will be listed on the Frankfurt Stock Exchange.
Only two weeks ago, GFJ ESG had called off the approximately 400 million euro takeover of the Munich-based heating thermostat manufacturer Tado.