Horizon Bancorp (IN) Partners with Therme Group for Strategic Wellbeing Destinations Acquisition
- Therme Group acquires three thermal wellbeing destinations, expanding its portfolio to five locations serving 5.3 million visitors annually.
- The acquisition reinforces Therme Group's commitment to community engagement and preserving wellness heritage established by Josef Wund.
- Therme Group is also constructing a sixth destination in Manchester, UK, to meet increasing demand for wellness experiences.
Therme Group Strengthens Its Wellbeing Portfolio with Key Acquisition
Therme Group, a leader in developing wellbeing infrastructure, announces the acquisition of three thermal wellbeing destinations from the Josef Wund Foundation, pending regulatory approval from the German Federal Cartel Office. This strategic move, facilitated through Therme Horizon—a joint venture with CVC Capital Partners—integrates Euskirchen, Sinsheim, and Titisee-Neustadt into Therme Group’s expanding portfolio. With the recent addition of these sites, Therme Group now operates four destinations previously associated with the late Josef Wund, highlighting a significant relationship with the Wund family rooted in the legacy of wellness and community engagement.
The acquisition enhances Therme Group's operational scale, allowing it to serve approximately 5.3 million visitors annually across five locations. Dr. Robert Hanea, the company’s founder, underscores the importance of this growth, expressing a commitment to evolving these destinations while honoring their historical significance. This focus on heritage dovetails with Therme Group’s mission to provide transformative wellbeing experiences to both local communities and new audiences. The acquisition not only solidifies the company's position in the thermal wellbeing sector but also lays a foundation for innovative advancements in sustainable engineering and water technology.
In addition to integrating these new sites, Therme Group is actively constructing a sixth destination in Manchester, UK. This expansion reflects the company’s ambition to meet the growing demand for wellness experiences and indicates a broader trend within the industry emphasizing community-centric wellbeing initiatives. As Therme Group advances its mission of accessible wellbeing at scale, the acquisition of the Wund destinations represents a milestone that reinforces its commitment to fostering community engagement and preserving the legacy of wellness established by Josef Wund.
Meanwhile, Christoph Palm, Chairman of The Josef Wund Foundation, highlights that this acquisition not only safeguards a crucial aspect of Wund's legacy but also ensures a strong connection to the communities served by these destinations. As Therme Group continues to enhance its portfolio, it remains dedicated to creating innovative wellness experiences that resonate with diverse audiences and promote sustainable practices within the thermal wellbeing sector.
