Pinsent Masons advises HomeServe on the expansion of its German HVAC Group

The firm is advising HomeServe on its acquisition of Raff Sanitär from Stuttgart, Scheel Haustechnik from Itzehoe, Saling from Klein-Winternheim, Eckel from Oldenburg and Nikoley from Ginsheim-Gustavsburg. These acquisitions will enable HomeServe to deliver a broader range of home services across Germany as it embeds its expansion across the country. The deals follow the company’s 2021 launch in Germany.

HomeServe is a global leader in providing solutions to housing and household problems in the HVAC sector. With a group turnover of GBP 1.4bn in 2022, 9,000 employees and a presence in eight countries, HomeServe is a global player in the sector. HomeServe supports customers across the UK, USA, France, Belgium, Spain, Portugal, Japan and Germany. 

M&A lawyer advising on the acquisitions, Dr. Sandra Schuh said: "It is a pleasure to be part of HomeServe’s German success story and we are pleased that HomeServe continues to trust our legal advice for their German expansion plans. Above all, the transactions were characterised by the common interest of the parties in a trusting cooperation to jointly overcome the challenges from the sustainable heating transition targets and the best possible continuation of the respective companies." 

The firm supported HomeServe on its launch in Germany advising on its acquisitions of Barella Gebäude- und Energietechnik GmbH and Egly Kälte-Klimatechnik GmbH, Sturm Sanitär- und Heizungstechnik GmbH, Sturm Neue Energie GmbH, Schulz GmbH and supported the business on insurance, data protection and competition matters. 

HomeServe Group Managing Director, Thomas Rebel, said: "We are pleased with the positive development in recent years, but there is still a lot of work ahead of us. We will continue to be challenged by the need for skilled workers, the ongoing digitalization of our partner companies and the efficient installation of modern heating systems in Germany.”