Scout24 Acquires German Property Data Specialist Sprengnetter

June 19, 2023
Share this Post: 

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.

Jan Sprengnetter Scaled E1687181598478Sprengnetter, 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.

June 19, 2023
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Zigbang Experiences Healthy Sales Boosts in 2023

South Korean portal operator ZigBang boosted its sales by an impressive 47% YoY worth approximately $93.8M, according to a 2023...

Read More
Shutterstock 1638378979
Fang CFO Resigns

Peng Cui has resigned from his position as CFO at Chinese portal Fang after two years in the role, to...

Read More
Zillow Hiring
Zillow TV Show to Land In May

Zillow's TV show will launch in May for broadcast on HGTV. After the major success of its Zillow Gone Wild...

Read More
Human Resources People Capital Management 1
People Roundup: Lifull Reshuffle, REA Veteran Departs

Two very different stories in our people roundup this week, starting with big news coming out of Japan...   Lifull...

Read More

Editor's Pick