Scout24 acquires Sprengnetter Group – one of the leading providers of property data and valuation services in Germany

  • Strategic product acquisition – strengthening competitive moat of ImmoScout24’s eco-system
  • Sprengnetter offers a comprehensive and scalable portfolio of digital valuation software, Automated Valuation Model and ESG products
  • Companies are joining forces to drive the simplification and digitization of real estate valuation for agents, brokers, homeowners, buyers and financial institutions
  • Sprengnetter Group will continue to operate under its own brand and CEO Jan Sprengnetter will join the Scout24 Leadership Team

Munich / Berlin, 19 June 2023  Scout24 signed an agreement to acquire a majority stake of 75 % in the Sprengnetter Group. Founded in 1978 and through continued innovation, Sprengnetter has established itself as one of the leading providers of property data and valuation services. The company serves financial institutions and the real estate industry with software solutions, an automated valuation model (AVM), mortgage appraisal services as well as a range of digital training and education software for real estate experts. Under the leadership of current owner and CEO, Jan Sprengnetter, the company has established over the past decade a strong suite of digital valuation and ESG products. Headquarter is located in Bad-Neuenahr-Ahrweiler, Rhineland Palatinate, Germany.

With the acquisition of Sprengnetter Group, Scout24 is continuing its strategy to establish a comprehensive digital ecosystem aiming to simplify real estate transactions. With the integration of Sprengnetter products into the ImmoScout24 eco-system, Scout24 will enable all stakeholders to benefit from increased use of independent valuation data for real estate objects, thereby increasing transparency and enabling decision-making. Existing Sprengnetter customers will benefit from a broader and more integrated offering, combining the best of ImmoScout24 with Sprengnetter´s innovative valuation products.

"Our companies have worked together successfully over many years. We share the same vision, and we have the same ambition to simplify the valuation process for real estate transactions. We are very happy to welcome Sprengnetter Group as a new member of the Scout24 family. As a family-led company with a long heritage in valuation services and real estate digital products, Sprengnetter fits perfectly with Scout24’s strategy. Specifically, we want to increase valuation information and transparency around the real estate transaction. This will allow homeowners and buyers to transact in a more transparent manner. We also see an enormous potential to address the property related ESG agenda in Germany. Our professional customers will benefit from innovative valuation products. We are excited that Jan Sprengnetter will join the Scout24 Leadership Team to continue building the leading eco-system for real estate”, comments Scout24 CEO Tobias Hartmann.

"Sprengnetter has demonstrated its leading expertise for simple and efficient property valuations for decades. We are very excited that together with ImmoScout24, we can take our company to the next level by making digital valuation services available to a much broader audience. Through the combination with ImmoScout24, Sprengnetter customers will benefit from a more comprehensive and integrated product suite and database. Together we will shape the next level of digitization in the real estate industry, from enriching real estate listings with smart data services, to ESG and tailored financing solutions in a purely digital way. I am personally excited to join the Scout24 Leadership Team and bring this vision to life", explains Jan Sprengnetter, CEO of Sprengnetter Group.

The Sprengnetter Group will continue to operate its business from Bad Neuenahr-Ahrweiler under its own brand. The locations and teams of the Sprengnetter Group will be retained.

The transaction is expected to close in July. Jan Sprengnetter will remain a 25 % shareholder in the company. The final stake sale is subject to an earn-out mechanism. Part of the purchase price will be paid in Scout24 shares.

About Scout24
Scout24 is one of the leading digital companies in Germany. With the digital marketplace ImmoScout24, for residential and commercial real estate, we successfully bring together owners, realtors, tenants, and buyers – and we have been doing so for about 25 years. With over 19 million users per month on its online marketplace or in its app, ImmoScout24 is the market leader for digital real estate marketing and search. To digitise the process of real estate transactions, ImmoScout24 is continually developing new products and building up an ecosystem for renting, buying, and commercial real estate in Germany and Austria. Scout24 is a listed stock corporation (ISIN: DE000A12DM80, Ticker: G24) and member of the MDAX as well as the DAX 50 ESG. Further information is available on LinkedIn. Since 2012, ImmoScout24 has also been active in the Austrian real estate market, reaching over 3 million users monthly.

About Sprengnetter
Sprengnetter is focused on simplifying and digitizing real estate valuations since 1978. The company has about 250 employees. It supports its customers in the credit and real estate industry with innovative software solutions, market data, professional services, specialist literature and expert trainings. Sprengnetter is driving the internationalization of its business through subsidiaries in Austria, Italy, Croatia, Bosnia and Montenegro.

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