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Deal announced Dec 2018 · Germany Verified

ENGIE Deutschland acquires OTTO Luft- und Klimatechnik

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.

“ENGIE Deutschland GmbH has signed the purchase agreement for the acquisition of the technology and service specialist OTTO Luft- und Klimatechnik GmbH & Co. KG.”

Entities

ENGIE Deutschland · Acquirer OTTO Luft- und Klimatechnik · Target
HVACRefrigeration

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.