12 January 2021
Aareon has acquired Arthur, a cloud-native SaaS solution which enables property managers, landlords and agencies to control their property portfolio anytime, anywhere, with a dedicated suite of apps.
With the acquisition of Arthur, Aareon continues on its growth path, entering the high-growth market for small and medium-sized property managers in Great Britain with a best-in-class solution.
Aareon, the leading provider of ERP software and digital solutions for the European property industry and its partners, acquires a 100% stake in Arthur Online Ltd. “Arthur”. Closing is planned on 29 January 2021.
Aareon AG is a subsidiary of Aareal Bank AG, which holds 70 % of the shares. 30 % of the shares are held by Advent International.
Arthur, a London-based company, offers a best-in-class SaaS property management solution which brings together Property Managers, Property Owners, Tenants and Contractors in one single platform. Via its suite of integrations Arthur streamlines its clients’ property management processes from start to finish. The company, launched in 2015, has over 1,000 clients managing ca. 90,000 units.
Dr. Manfred Alflen, the CEO of Aareon AG: “By acquiring Arthur, we have taken another step in our profitable growth strategy and are entering the market of small and medium-sized property managers in Great Britain. Arthur will continue to support its customers as an independent brand and help Aareon move forward with its expansion.”
Marc Trup, the CEO of Arthur: “The acquisition of Arthur by the Aareon Group, presents a massive opportunity for us to further improve our service offering to property professionals across various attractive growth markets.”
Aareon is the leading provider of ERP software and digital solutions for the European property industry and its
partners. The IT company is a subsidiary of Aareal Bank AG, which holds 70 % of the shares. 30 % of the shares are held by Advent International.
The Aareon Group provides its customers with ground-breaking and secure solutions in the fields of consulting, software and services to optimise IT-based business processes and expand business models.
Around 3,000 clients of the technology leader manage more than 10 million units across Europe. The Aareon Group is an international company with 40 locations, including 15 in DACH region. In addition to offices in DACH region, the company has representative locations in Finland, France, Great Britain, the Netherlands, Norway and Sweden. Aareon operates its own development company in Romania. The Aareon Group employs over 1,700 people, more than one-third of them outside Germany. In 2019, Aareon generated revenue of around €251.9 million and operating income (EBIT) of €38.8 million.
Designed to boost efficiency with its cutting-edge, end-to-end solutions, Arthur is a modern, cloud-native SaaS solution which enables property managers, landlords and agencies to control their property portfolio anytime, anywhere, with a dedicated suite of apps.
Launched in 2015 by Marc Trup (CEO), David Cummin (CTO) and Rochelle Trup (CFO), Arthur offers an impressive range of easy-to-use, effective features.
For more information please see press-release at Arthur Online web-site
Please refer to original article here.
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