Aareon acquires Wohnungshelden

This is the fourth company acquired by Aareon Group this year. Wohnungshelden will further expand its business model as an independent part of Aareon.

The takeover was signed on 10 August, and now Aareon has made it official: the Mainz-based company has swallowed Wohnungshelden. Nothing is known about the purchase price. The Munich-based company will remain an independent part of Aareon with its existing team and will continue to work on its market presence. Currently, Wohnungshelden's software is used in 750,000 residential units by landlords, which include cooperatives and church, public and private housing companies.

"Under the umbrella of Aareon Group as a leading provider of software solutions for the property industry, we will be able to realise further growth potential and further develop our cloud-based solution in a future-oriented manner," says Martin Staudacher, who co-founded Wohnungshelden in 2016. When it comes to supporting the letting process, Wohnungshelden primarily guarantees data sovereignty, which remains with the customer at all times, and makes it possible to provide highly customised interfaces.

Aareon Group looks back on a long company history: founded in 1957, the company recorded apartments in data centres and has been integrating new automated and digital solutions into its offering ever since. In recent years, the acquisition of start-ups has become a successful business model. In 2021 alone, it has acquired Wohnungshelden, its fourth company, the other three being Arthur Online and Tactile from the UK, and BriqVest B.V. from the Netherlands.

CEO Manfred Alflen says of the current acquisition of the Munich-based company: "With the digital solution from Wohnungshelden, we are further expanding our product portfolio around the digital rental process."