Munich, 8th December 2025 — Therme Group, a leading developer, owner and operator shaping the future of wellbeing infrastructure, today announced the acquisition of three thermal wellbeing destinations — Euskirchen, Sinsheim, and Titisee-Neustadt — from the Josef Wund Foundation. The transaction is subject to approval by the German Federal Cartel Office.
Completed through Therme Horizon, Therme Group’s joint venture with CVC Capital Partners, the acquisition brings three additional world-class destinations into the Therme ecosystem. Together with the 2024 acquisition of Therme Erding, this transaction fully integrates the entire Wund portfolio under the Therme Horizon platform.
This integration marks an important milestone for Therme Group and its founder, Dr. Robert Hanea, reflecting a long-standing partnership with the late Josef Wund, the Wund family and the Foundation. With full stewardship of all four destinations, Therme Group will lead their next phase of development as part of its global strategy to expand next-generation wellbeing infrastructure and to strengthen the role these destinations play in their local communities.
With the addition of these assets, Therme Group reinforces its scale and position as a leading operator of thermal wellbeing destinations, now comprising five locations and serving 5.3 million annual visitors. Therme also broke ground this year on its sixth destination in Manchester, UK.
This expanded platform creates new opportunities for innovation across sustainable engineering, water technology, experiential wellness, nature-based design, and cultural programming, further advancing Therme Group’s mission to deliver accessible wellbeing at scale.
Dr. Robert Hanea, Founder and CEO, Therme Group
Thermen & Badewelt Sinsheim
Christoph Palm, Managing Director, The Josef Wund Foundation
István Szőke, Managing Partner, CVC Capital Partners
Badeparadies Schwarzwald - Titisee-Neustadt