# 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.

- Type: Acquisition
- Announced: 2018-12-19
- Where: Bad Berleburg, Germany
- Jobs: 700
- Status: announced
- Products: ventilation and air conditioning systems, cooling technology, building automation
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Equistone Partners Europe](https://endata.com/companies/30796.md) (partner)
- [ENGIE Deutschland GmbH](https://endata.com/companies/36275.md) (acquirer)
- [OTTO Luft- und Klimatechnik GmbH & Co. KG](https://endata.com/companies/36276.md) (target)
- [OTTO Luft- und Klimatechnik](https://endata.com/companies/36284.md) (target)

## Sources

- [en.newsroom.engie.com](https://en.newsroom.engie.com/news/engie-strengthens-its-leading-position-for-technical-building-services-in-germany-with-the-acquisition-of-otto-luft-und-klimatechnik-4cd5-314df.html), 2018-12-19: "With this acquisition, ENGIE Deutschland strengthens its leading position for technical building services."
- [iwk-cp.com](https://iwk-cp.com/equistone-sells-otto-luft-und-klimatechnik-gmbh-co-kg/?lang=en), 2018-12-19: "Funds advised by Equistone Partners Europe have agreed the sale of a majority stake in OTTO Luft- und Klimatechnik GmbH & Co. KG to Engie Deutschland GmbH."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.