Scout24 on the Move with Acquisition of bulwiengesa AG
Deal News | Jan 07, 2025 | Osborne Clarke
In a bold strategic move, Scout24 has announced the acquisition of bulwiengesa AG, a prominent provider of real estate data based in Germany. This transaction was guided by the international legal firm Osborne Clarke, which acted as the legal advisor to Scout24. The acquisition signals Scout24’s intent to fortify its standing in the real estate data market, enabling it to deliver enhanced data-driven insights and services. bulwiengesa AG, known for its extensive data on real estate trends and planning, will complement Scout24’s existing capabilities, offering seamless integration opportunities in the real estate vertical. This deal reflects a trending consolidation approach in the industry, promising substantial synergies and expanded market outreach for Scout24.
Sectors
- Real Estate
- Legal Services
Geography
- Germany – Both Scout24 and bulwiengesa AG are based in Germany, making it the primary geography for this acquisition activity.
Industry
- Real Estate – The acquisition is focused on enhancing Scout24's real estate data services, involving companies that provide significant contributions to the property market.
- Legal Services – Osborne Clarke, a prominent legal firm, played a key advisory role in orchestrating the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Scout24 | Bidding Company | Company | Scout24 is a leading platform in Germany that connects individuals with real estate opportunities, acting as the acquirer in this deal. |
| bulwiengesa AG | Target Company | Company | A German real estate data provider being acquired by Scout24 to enhance its data services. |
| Osborne Clarke | Legal Advisor | Company | An international legal practice that advised Scout24 during the acquisition process. |