Sprengnetter GmbH, a German classifieds giant Scout24 subsidiary, has acquired 21st Real Estate for an undisclosed sum.
21st Real Estate provides price and location analysis for residential and commercial property and will be gradually integrated into Sprengnetter.
Heike Gündling will continue to lead 21st Real Estate as CEO alongside Sprengnetter CEO Jan Sprengnetter and Anastasia Mashtakova, Senior Manager of Group Strategy & M&A at Scout24.
Jan Sprengetter said:
"We warmly welcome 21st Real Estate to the Sprengnetter family.
"This strategic step fits seamlessly with our vision of offering our customers state-of-the-art solutions. Together, we will advance the data landscape in the commercial real estate sector and ensure that our users can make decisions in the dynamic landscape of the commercial real estate market with the best possible information."
German market leader Scout24 is a majority stakeholder at Sprengnetter, having taken a 75% stake in 2023.
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