Planon completed the acquisition of control.IT from PATRIZIA.

Planon, an IT services and consulting company, completed the acquisition of control.IT, a real estate software services provider, from PATRIZIA, a real estate company. Financial terms were not disclosed. "We are delighted to welcome control.IT to the Planon Group. control.IT’s integrated asset and portfolio management solutions round off Planon’s range of RE management software, in which four complementary, best-in-class RE technologies have come together into one comprehensive ecosystem. With control.IT we are now able to offer a holistic platform of RE solutions that can easily connect, exchange data and integrate processes, which will benefit everyone who is responsible for the development and management of real estate projects, objects and portfolios," Pierre Guelen, Planon CEO and Founder.