Antitrust approval for merger of Immowelt and Immonet




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20.04.15

Antitrust approval for merger of Immowelt and Immonet

To press release overview

The German Federal Cartel Office and the Austrian Federal Competition Authority have approved the merger of Immowelt and Immonet. Now a comprehensive integration plan for the two real estate portals can be developed under the umbrella of the Immowelt Holding company. Carsten Schlabritz (previously CEO Immowelt AG) will become CEO of the new company. The other board members are: Juergen Roth (CTO, previously CTO Immowelt AG), Ulrich Gros (CFO, previously CFO Immowelt AG) and Philip Schulze (COO, previously COO of the Immonet Group).

Axel Springer Digital Classifieds holds a majority of 55 percent in the new joint venture company with offices in Nuremberg and Hamburg; in addition, the Ippen publishing group and the Rheinische Post Mediengruppe will continue to participate as strategic partners, along with the two co-founders of Immowelt AG.

The two Immonet Managing Directors Christian Maar (49) and Clemens Trautmann (38) will be leaving Immonet as planned on 30 April 2015. Andreas Wiele, President Marketing and Classified Ad Models of Axel Springer SE: "I would like to thank Christian Maar and Clemens Trautmann for theircrucial contribution to the successful development of Immonet. Without their efforts the merger would not have been possible. I wish them a lot of success for their future tasks."

About Immowelt

Immowelt AG is the leading full-range IT provider for the real estate sector. Its core business consists of the Immowelt portals which are some of the most visited real estate portals in Germany, Austria and Switzerland. Another business area is the development of CRM software solutions for the real estate industry: estateOffice, estatePro and i-Tool cover the full range of successful real estate marketing. Other portals, such as ferienwohnung.com, bauen.de and the Croatian real estate portal crozilla.com complete the portfolio.

About Immonet

Immonet is one of the leading real estate portals in Germany. Likewise, the Immonet Group offers a range of real estate services, software solutions and apps for property searches and marketing. The Immonet Group owns 100 percent of Umzugsauktion GmbH (umzugsauktion.de, umzugspreisvergleich.de and malervergleich.de) and has a majority shareholding in the real estate software provider Immosolve GmbH.

Press Contact Axel Springer SE:
Michael Schneider

Tel: +49 30 2591 77644