Bosch Thermotechnik GmbH acquired Hamburg-based DAA Deutsche Auftragsagentur GmbH (DAA) from its founders. A team of SKW Schwarz led by Dr. Stephan Morsch and Dr. Matthias Orthwein legally advised Bosch Thermotechnik on the transaction.
DAA operates various online specialist portals on the topics of house construction, (energetic) building renovation, and renewable energies. Established in 2010, the company employs about 40 people. DAA will continue to operate independently after the takeover. The acquisition is subject to the approval of the antitrust authorities. The purchase price was not disclosed.
Bosch Thermotechnik GmbH based in Wetzlar is a leading European manufacturer of energy-efficient heating products and hot water solutions. The company is a wholly-owned subsidiary of Robert Bosch GmbH. In 2016, the company generated sales of about EUR 3.3 billion with some 14,300 employees.
Counsel to Bosch Thermotechnik GmbH:
SKW Schwarz Rechtsanwälte, Munich: Dr. Stephan Morsch (Lead, Corporate/M&A), Dr. Matthias Orthwein (IT/Digital Business), Associates: Dr. Daniel Meßmer (IT/Digital Business), Philipp Thomé (IT/Digital Business)