ENGIE Deutschland acquires OTTO Luft- und Klimatechnik

ENGIE Deutschland GmbH has signed an agreement to acquire OTTO Luft- und Klimatechnik GmbH & Co. KG, a specialist in ventilation, air conditioning, cooling technology and building automation. OTTO has 700 employees and estimated 2018 turnover of EUR 120 million. The deal is subject to cartel authority approval.

“With this acquisition, ENGIE Deutschland strengthens its leading position for technical building services.”en.newsroom.engie.com

• 2 sources
• en.newsroom.engie.comENGIE strengthens its leading position for technical building services in Germany with the acquisition of OTTO Luft- und Klimatechnik - Newsroom EngieDec 19, 2018
• iwk-cp.comEquistone sells OTTO Luft- und Klimatechnik GmbH & Co. KG - IWK Communication PartnerIWKThomasMuellerDec 19, 2018

Summarized from public sources; check the original articles before acting on it.