Scout24 Withdraws from Immounited Acquisition

Scout24's proposed takeover of Immounited has fallen through after competition authorities halted the merger.

The acquisition, announced last March, has now been cancelled, with Scout24 withdrawing from the acquisition in December.

Roland Schmid, founder and CEO at Immounited, said:

"Entrepreneurial responsibility means making decisions. By ending the negotiations, we are creating clarity, security, and trust—for our customers, employees, and the entire market. After these exciting negotiation experiences, Immounited will continue its innovative path with full force."

Schmid added that the sale of the business was "not feasible due to antitrust regulations and uncertainties in the market". Commenting on LinkedIn, he said:

"I am still convinced that a merger would have brought considerable advantages for all market participants. Our focus is now clearly on corporate development: innovative products, strategic restructurings and the expansion of the B2C business are the focus in order to increasingly serve the end customer sector." [Translated from German]

Scout24 Austria announced the deal to acquire Immounited—a specialist in land registry data and information on real estate transactions in Austria— for an undisclosed sum in March 2025. Scout24 said at the time that the merger would create a "360-degree view" of the property lifecycle, from planning to transaction and valuation.

However, the Austrian Federal Competition Authority appealed against the merger in June before ultimately rejecting the deal in December, citing anticompetitive drawbacks.

Scout24 operates market-leading real estate portals in its native Germany and Austria, and is set to enter the Spanish market this year when it acquires Habitaclia and Fotocasa for a combined €153 million.

The Group generated revenues of €166 million in the third quarter of 2025 and recently announced a share buyback program worth €500 million. However, like many major property portals worldwide, Scout24 has seen significant share price dips in the past six months, down 32% since July (from €122.1 to €82.7 per share).