Press release from Aareal Bank AG: Sale of Aareon to TPG
Aareal Bank and Advent International to sell Aareon to TPG for approximately € 3.9 billion
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Luttmann new Managing Director of Aareon Deutschland GmbH
Mainz, 24 January 2023 - Oliver Luttmann will start as Managing Director of Aareon Deutschland GmbH on 1 February 2023. He will report to Aareon's CEO, Harry Thomsen. The current interim Managing Directors, André Rasquin, Chairman of the Management Board, and Rumyana Trencheva, will focus on their Management Board responsibilities as Chief Technology Officer and Chief Revenue Officer, respectively, within Aareon Group.
Harry Thomsen is pleased about the reinforcement: "The DACH region is an important market for Aareon. I am delighted that we have been able to recruit Oliver Luttmann, a proven expert in partner ecosystems, to the Management Board of Aareon Deutschland GmbH. He has extensive experience with integrated value-added cloud products and will support our further transformation into a SaaS company. I wish him a good start and much success! At the same time, I would like to thank André Rasquin and Rumyana Trencheva for realising key strategic decisions for the DACH market."
Oliver Luttmann said: "I am looking forward to positioning Aareon in the DACH region even more strongly in line with market needs, together with my team. We will further open up the Aareon Smart World digital ecosystem and rethink partnering in order to offer the property industry a broader range of innovative solutions that can be integrated."
Oliver Luttmann comes from SAP, where he held various management positions since 2012, most recently as a member of the Executive Board of SAP Deutschland SE & Co. KG and as Head of Cloud Success Services Sales Germany. Before joining SAP, he worked for Oracle for several years.
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Aareal Bank and Advent International to sell Aareon to TPG for approximately € 3.9 billion
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