Transaction

Clearwater advises Domutech on its sale to TÜV SÜD

Transaction

Domutech on its sale to TÜV SÜD

Sell-side

Undisclosed

Role

Adviser to Domutech on its sale to TÜV SÜD

Sector

Business Services

Region

Denmark

We have advised Domutech, Denmark’s leading provider of house inspections and energy certifications among others, on the sale to German TÜV SÜD.

Founded in 2009, Domutech is market leader in its two key areas. In the residential sector, where Domutech provides expert property inspection and energy performance certification services integrated with digital solutions for property transactions. In the commercial sector, Domutech offers energy performance certification services, digital solutions, and consulting and advisory services for property transactions and portfolio management.

Since its inception, Domutech has focused on innovating the market by developing disruptive digital solutions that help property owners to understand better property inspections, energy spending and how to optimise it. The company has more than 180 employees and locations in Copenhagen, Odense, and Aarhus, achieving an impressive market share of 25 % within house inspections and 21 % within energy certifications for private homes. 

TÜV SÜD, based in Germany, is one of the leading global providers of Testing, Inspection and Certification (TIC). In recent years, TÜV SÜD has continuously expanded its services for sustainable buildings, including the strategic acquisition of the US-based Sustainable Investment Group (SIG) and Green Building Education Systems (GBES) in May 2024.

With the acquisition of Domutech, TÜV SÜD will establish a strong platform in the Nordics and strengthen its global position within sustainable building, while Domutech gains the opportunity to expand its services within building life cycle services to the Nordic market. 

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From the beginning, we have wished to find a buyer who recognises the value of our market position and the great potential of our unique digital solutions. TÜV SÜD is the right strategic match for us, especially because we can now expand to new markets and contribute even more to the green transition of homes and commercial buildings with our solutions. It is not an easy job to sell a company, so it was essential to find the right adviser. The Clearwater team guided us effectively through the entire process, highlighting our special strengths and securing a fantastic result for all our shareholders.

Martin Lavlund, CEO and Partner, Domutech

Domutech is a fantastic example of a growth company that has succeeded in becoming market leader in an otherwise traditional industry thanks to an innovative mindset and technology investments. Today, Domutech sets the standard for the digital solutions and services that property owners, insurance companies and realtors use when inspecting and certifying properties – solutions that are increasingly relevant due to growing demands for energy certification and optimisation of buildings. In the process, TÜV SÜD has shown that they share Domutech’s visions, and Domutech will be their Nordic platform for further growth. We are proud to have advised Domutech’s owners in the process.

Kasper Svold, Partner, Clearwater

Advisers

Transactions