Announced
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Pending
Software
Private
Majority
Friendly
e-retailing
Domestic
Single Bidder
Private Equity
Germany
Acquisition
procurement
Application software products
software development
Synopsis
Scout24, a digital company, agreed to acquire Vermietet.de, a digital property management platform, from BitStone Capital, a private equity firm. Financial terms are not disclosed. "With Vermietet.de, we will substantially extend ImmoScout24’s product offering for private landlords, fully in line with our market network strategy. With the investment in this company and continued partnership with Jannes Fischer and his team, we will accelerate our digital product development for the tenant market. In the German real estate market, rent is key. By the end of 2021, our customers will benefit from first synergies of both platforms," Tobias Hartmann, Scout24 CEO.
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