Scout24 SE Acquires bulwiengesa AG to Strengthen Real Estate Data Services

Scout24 SE has announced its acquisition of bulwiengesa AG, a leading German provider of valuation and data services for commercial real estate. Established in 1983, bulwiengesa offers a comprehensive range of services, including their renowned RIWIS database that has been collecting crucial real estate data since 1990. This strategic move aligns with Scout24's plan to enhance its offerings beyond residential listings, previously expanded with the acquisition of Sprengnetter in 2023.

With this acquisition, Scout24 aims to integrate bulwiengesa's services into its ImmoScout24 platform, promising improved market transparency and innovative products for its commercial clientele. The company's CEO, Tobias Hartmann, highlighted the synergy this acquisition brings to Scout24's strategy in becoming a leader in real estate information across Germany.

Ralf Koschny, bulwiengesa's CEO, will join the new Supervisory Board, ensuring leadership continuity alongside Sven Carstensen, who will step up as the new CEO. This leadership transition is expected to maintain the high standards of service for which bulwiengesa is known, while further integrating their products with Scout24’s offerings.