Germany’s Scout24 group, which operates the Austrian ImmoScout24.at listing portal, has acquired IMMOunited, which specializes in providing land-registry data and information on real-estate transactions in Austria, from founder Roland Schmid.
Founded in Vienna in 2007, IMMOunited helps a wide range of customers — including property developers, real-estate agents, and banks — make well-informed decisions about real estate.
“With the acquisition of IMMOunited, we continue to execute our strategy to merge valuation offerings and classifieds and to digitize transactions also in Austria,” said Markus Dejmek, Managing Director of ImmoScout24 Austria. “We are proud to welcome IMMOunited customers and employees to the Scout24 family and to expand our business in Austria. By integrating IMMOunited into the ImmoScout24 product offering, we will create a 360-degree view of a property’s entire lifecycle – from planning through transactions to valuation. Our professional and private customers in Austria will benefit from more precise market analyses and more efficient valuation tools in an increasingly competitive market. We look forward to providing IMMOunited customers with an even more comprehensive offering for improved decision-making and success.”
Roland Schmid, CEO and founder of IMMOunited, will continue to actively support the company during a transition phase. Once the transaction closes, operational management will be taken over by Markus Dejmek, Managing Director of ImmoScout24 Austria, and Gunther Schabus, Managing Director of Sprengnetter Austria, who will work with the existing management team of IMMOunited. The established IMMOunited brand will remain.
“I founded IMMOunited in 2007 with the aim of creating more transparency in the Austrian real estate market,” said Roland Schmid. “IMMOunited has continuously expanded its position as an innovative provider of real estate market data and analyses. I am pleased that my company is now becoming part of the Scout24 family, because the merger optimally combines expertise and resources. The resulting synergies enable our customers to operate with greater efficiency in the real estate market.”
Financial details of the transaction were not disclosed, and the acquisition remains subject to customary closing conditions, including regulatory approval.
The Dorda law firm advised Roland Schmid on the sale of the company, with the Cerha Hempel law firm advising Scout24.
