Seniovo GmbH has been acquired by HORNBACH Baumarkt AG
The shareholders of Seniovo GmbH have sold the company to HORNBACH Baumarkt AG.
Seniovo GmbH specializes in consulting, planning and implementing barrier-free and barrier-arm bathroom conversions. The innovative company operates in a highly digitized manner, thus disrupting the industry. Its service portfolio ranges from planning and applying for subsidies to approval, conversion and billing. Since 2017, Seniovo has implemented more than 3,000 barrier-free or low-barrier bathroom conversions, establishing itself as the market leader in Germany in this segment.
The HORNBACH group is one of the leading corporations in the do-it-yourself industry in Germany and Europe. With approximately 170 large-scale construction and garden stores in nine European countries, along with several online shops, HORNBACH Baumarkt AG provides numerous customers with an optimal and individual shopping experience.
The shareholder’s group consisted of leading venture capital firms such as IBB Ventures, PropTech1 and Hevella Capital, as well as the founders of the company and business angels.
Oaklins’ team in Germany acted as the exclusive advisor to the shareholders and the management of Seniovo in the preparation of the sale process and due diligence, the approach and negotiations with the preferred buyer, and assisted them until closing.
Jonathan (John) Kohl
Founder and CEO, Seniovo GmbH
Talk to the deal team
Related deals
PBV Investment Holding Europe-America, S.L. (IDP Group) has been sold to Bureau Veritas
Nazca Capital and the company founders have sold PBV Investment Holding Europe-America, S.L. (IDP Group) to Bureau Veritas. This strategic acquisition will allow Bureau Veritas to expand its leadership in building and infrastructure solutions and meet sustainability challenges through IDP’s digital portfolio assets.
Learn moreHD Clinical Ltd. has been acquired by NEXUS AG
NEXUS AG has acquired HD Clinical Ltd. Through this acquisition, NEXUS has gained a recognized and internationally active team of experts in structured diagnostic reporting and image processing. This will provide new regional access, strengthening its strong European market position in software, particularly for internal medicine.
Learn moreAtech Support Limited has been acquired by iomart Group plc
Pelican Capital’s Atech Support Limited has been acquired by iomart Group plc. This acquisition will enable iomart to provide customers with a broader range of top-tier cloud technology and security services and solutions.
Learn more