January 2019: I-ADVISE AG advised ENGIE in Germany in the acquisition of OTTO Luft- und Klimatechnik GmbH & Co. KG (“OTTO Group”), Bad Berleburg. OTTO Group is a leading specialist in ventilation and air-conditioning solutions, cooling technology and building automation in Germany. By acquiring Otto group, ENGIE strengthens its leading market position in technical building services and deepens its product portfolio in ventilation and air-conditioning.
Otto Group with its 700 employees generated revenues of approx. €120m in 2018.
ENGIE in Germany is specialising in technical building services, facilities management, industrial refrigeration technology and energy services. ENGIE Deutschland AG is part of listed ENGIE group generating €65bn in revenues with more than 150,000 employees worldwide.
I-ADVISE provided both, Financial and Tax Due Diligence support to ENGIE.