Roald Subnel and Madelène Leurs of the Mergers and Acquisitions team have advised Aareon AG with the acquisition of the shares of Kolibri Nederland B.V. and Vertilligence II B.V. in BriqVest B.V. and Twinq Holding B.V. Aareon is continuing its international growth strategy by expanding its market presence in the Netherlands with the acquisition of Twinq.
Roald and Madelène guided the deal from start to finish. The deal included an extensive due diligence investigation. The transaction was realized on May 7.
About Aareon Group
Aareon is the leading provider of ERP software and digital solutions for the European property industry and its partners. The Aareon Group offers pioneering and trusted software solutions to optimise business processes and business model development. Around 3,000 clients of the technology leader manage more than 10 million units across Europe. The Aareon Group is an international company with offices in the DACH region, Finland, France, Great Britain, the Netherlands, Norway and Sweden. Aareon operates its own development company in Romania. The Aareon Group employs over 1,800 people, with more than one-third based in its international subsidiaries. In 2020, Aareon generated revenue of around EUR 258 million and adjusted EBITDA of EUR 62 million.
Twinq, based in Oosterhout, is a provider of management software for the Dutch shared-ownership property management sector. It offers various modern and web-based customer portals, such as the owner portal, collection portal and contractor portal, that help reduce the administrative burden of property management for customers.
For more information, please visit the website of Aareon.
May 7th 2021