Immomio takes over DIT

The two proptechs merge and thus now bundle a total of 1.4 million managed residential units. At the same time, a new shareholder joins the company.

The proptechs Immomio and DIT are merging and, according to their own statements, becoming the largest start-up in the German housing industry. The companies made the announcement on Wednesday. DIT will become a wholly owned subsidiary of Immomio, but will continue to exist as a separate brand. DIT founder Kai Teute will also remain on board, becoming an advisory board member and shareholder in Immomio. At the same time, a new shareholder, W&W Brandpool, joins Immomio. W&W takes over the shares of the real estate consultancy Aareon, which, however, remains a cooperation partner of the proptech.

"In several joint customer projects, our companies have already proven the added value that linking our products brings to landlords and tenants," says Immomio founder and CEO Nicolas Jacobi. "The merger will allow us to set a new standard for digital customer experience in the industry."

Immomio previously offered end-to-end solutions for the rental process. Among other things, landlords can use this to digitally record and process rental agreements. DIT offers, among other things, apps for the analysis of its own real estate portfolio. As a result of the merger, they are now responsible for 1.4 million managed rental units, the companies said.