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Announced

Completed

HORNBACH completed the acquisition of Seniovo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

construction company

smart home solutions

Acquisition

Friendly

Specialty Contracting

Domestic

Majority

Private

Completed

Single Bidder

Synopsis

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HORNBACH, a German DIY-store chain offering home improvement and do-it-yourself goods, completed the acquisition of Seniovo, a German innovative consulting and construction company. Financial terms were not disclosed. "We are a platform for barrier-free and senior citizen-friendly conversion work. Here, we digitalize the whole value chain to provide our customers with a full-service package: from offer compilation to applying for grants and obtaining permission from landlords, through to professional implementation. Together with HORNBACH, we will now be able to offer our services to even more customers and partners. I am thrilled by this recognition of our work to date and look forward to making further progress on this course together," Jonathan Kohl, Seniovo Managing Director.

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