Wellness resort developer Therme Group has announced that it is acquiring the full Thermengruppe Josef Wund portfolio.
Subject to approval, Therme Group is acquiring three thermal wellbeing destinations in Germany – Euskirchen, Sinsheim, and Titisee-Neustadt – from the Josef Wund Foundation.
Following last year's acquisition of Therme Erding, the latest transaction will fully integrate the entire Wund portolio into the Therme Horizon platform, Therme Group's joint venture with private investment firm CVC.
"This moment holds deep personal significance for me," said Robert Hanea, founder and CEO of Therme Group.
"My friendship, collaboration and long-standing partnership with Josef Wund and his family span more than two decades, and I am grateful for the trust placed in Therme Group to guide these destinations into their next chapter.
"With all four now under our stewardship, we will continue to evolve their experiences in ways that honor their origins while opening them up to new audiences."
Therme Group's wellbeing resort expansion
Therme Group's portolio now includes five locations serving 5.3 million visitors. The company broke ground on its sixth resort, located in Manchester, England, this year.
New developments are also underway in Frankfurt, Toronto, Washington, Dallas, Dubai and Singapore.
Christoph Palm, chairman of the Josef Wund Foundation, said: "With this step, we are safeguarding a significant part of our founder's life's work.
"At the same time, our foundation remains deeply connected to the communities served by these destinations."
István Szőke, managing partner at CVC, added: "Bringing the Wund destinations together under the Therme Horizon umbrella marks an important milestone – not only for the continued development of this exceptional complementary portfolio, but also for preserving a unique entrepreneurial legacy.
"We are proud to support Therme Group in carrying forward Josef Wund's vision.
"As a long-term partner, CVC will help Therme Horizon unlock its full potential and set new standards in sustainable and innovative wellbeing infrastructure."
Images courtesy of Therme Group
