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Majority stake Announced Dec 2018

ENGIE Deutschland acquires OTTO Luft- und Klimatechnik

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Relationship map for ENGIE Deutschland acquires OTTO Luft- und Klimatechnikparent ofENGIE Deutschland: Operating CompanyEDENGIE DeutschlandOTTO Luft- und Klimatechnik: Operating CompanyOLOTTO Luft- und Klimat…
Operating Company

Parties

Acquirer
ENGIE Deutschland
Operating Company
Target
OTTO Luft- und Klimatechnik
Operating Company

Summary

ENGIE Deutschland GmbH signed a share purchase agreement to acquire OTTO Luft- und Klimatechnik GmbH & Co. KG, a German ventilation and air-conditioning specialist with 700 employees and estimated 2018 turnover of around 120 million Euro.

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