Scout24 Acquires German Property Data Specialist Sprengnetter

Scout24, the market-leading German real estate portal company, has announced an agreement to acquire a majority stake of 75% in the Sprengnetter Group, a leading provider of property data and valuation services.

Sprengnetter, founded in 1978 by current owner and CEO Jan Sprengnetter (pictured), has gained recognition for its innovative software solutions, automated valuation model (AVM), mortgage appraisal services, and digital training and education software for real estate experts.

The Sprengnetter Group will continue operating from Bad Neuenahr-Ahrweiler under its own brand, with no changes to its locations and teams. The transaction is expected to be finalized in July, with Jan Sprengnetter retaining a 25% shareholder in the company through an earn-out mechanism.

Speaking of the deal, Tobias Hartmann, CEO of Scout24, said:

"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.”

Scout24 has been collaborating with Sprengnetter Group since a data-sharing agreement in 2018. In 2021 the partnership was extended with data on 15 million asking rents, 9 million asking prices, 1 million property listing photos and 300,000 new build purchase prices assimilated into Scout's consumer-facing AVM.