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Scout24 acquires Vermietet.de - a leading digital property management platform for private landlords

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DGAP-News: Scout24 AG / Key word(s): Mergers & Acquisitions
11.05.2021 / 12:40
The issuer is solely responsible for the content of this announcement.

Scout24 acquires Vermietet.de - a leading digital property management platform for private landlords


Munich / Berlin, 11 May 2021 - Scout24 has signed an agreement to acquire a majority stake in Zenhomes GmbH, the company behind Vermietet.de which is a market leading digital platform for private landlords to manage all property related processes. The cloud-based tools of Vermietet.de will be combined with the ImmoScout24 offering thereby significantly broadening the product scope. With ImmoScout24 the right tenants can be found. With Vermietet.de, landlords will now be able to manage the complete lifecycle of the tenancy. Vermietet.de was founded in 2016 by Jannes Fischer who will remain in the company as managing director.

Vermietet.de offers private landlords and property managers a comprehensive digital toolkit to manage the relationship with their tenants, prepare utility bills, assemble tax-declaration data, or obtain information on the market value of their properties.

"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," says Tobias Hartmann, CEO of Scout24.

"We are delighted to have ImmoScout24 as a new partner. We share the vision of making complicated processes in the real estate market more digital, transparent and simpler. With hundreds of thousands rental objects already managed through Vermietet.de, we are already a market leading solution for private landlords. With the marketing power and reach of ImmoScout24, we will be able to further catalyse our growth to jointly create an entire ecosystem, forever redefining how people interact with real estate," says Jannes Fischer, founder of Vermietet.de.

The Vermietet.de brand will remain intact and Scout24 is committed to investing and growing the company.

About Scout24
Scout24 is one of the leading digital companies in Germany. With the digital marketplace ImmoScout24, for residential and commercial real estate, we successfully bring together homeowners, real estate agents, tenants, and buyers - and we have been doing so for more than 20 years. With around 13.8 million users per month, ImmoScout24 is the market leader for digital real estate listing and search. To digitise the process of real estate transactions, ImmoScout24 is continually developing new products and building up an ecosystem for renting, buying, and commercial real estate in Germany and Austria. Scout24 is a listed stock corporation (ISIN: DE000A12DM80, Ticker: G24) and member of the MDAX and the DAX50 ESG. Further information is available on Twitter and LinkedIn. Since 2012, ImmoScout24 has also been active in the Austrian residential and business real estate market.

Investor Relations contact
Ursula Querette
Head of Investor Relations
Tel.: +49 89 262 02 4939
E-Mail: ir@scout24.com

Media Relations contact
Theresa Krohn
Teamlead Corporate Communications
Tel.: +49 30 24301 1422
E-Mail: mediarelations@scout24.com


11.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Scout24 AG

Bothestr. 13-15

81675 Munich

Germany

Phone:

+49 89 262 02 4939

E-mail:

ir@scout24.com

Internet:

www.scout24.com

ISIN:

DE000A12DM80

WKN:

A12DM8

Indices:

MDAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1195218


 

End of News

DGAP News Service

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