Angela Merkel had an astounding victory over Social Democrat Frank-Walter Steinmeier. The SPD has its worse result since WWII, and Steinmeier said it was a "bitter election defeat". Merkel will remain in office for her second term, with the intention to be "the Chancellor of all Germans".

Here's a video where Frank-Walter Steinmeier admits his defeat:
Here's another video, with Merker's victory speech:
YouTube - Victorious Merkel vows to lead Germany out of slump
And finally, a link to a short article from the BBC, just in case you want to read some more:
http://news.bbc.co.uk/2/hi/europe/8277912.stm