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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 signed a purchase agreement to acquire ventilation, air-conditioning, refrigeration and building automation specialist OTTO Luft- und Klimatechnik (700 employees), strengthening its position in technical building equipment in Germany; the deal was still subject to antitrust approval.

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