ENGIE completed the acquisition of OTTO Luft- und Klimatechnik

ENGIE Deutschland has acquired technology and service specialist OTTO Luft- und Klimatechnik. With this acquisition, ENGIE Deutschland strengthens its leading position for technical building services. Financial terms were not disclosed. The acquisition is still subject to approval by relevant cartel authority. OTTO counts among the most renowned specialist companies for ventilation installation and services in Germany and looks back on a successful company history of more than 50 years. The Bad Berleburg based company is represented throughout Germany and works for clients from industry, trade and commerce as well as public authorities. OTTO’s portfolio covers ventilation and air-conditioning systems solutions for office and industrial buildings as well as clean rooms and bespoke service and maintenance offers.