Press > Press releases > 2023
Aareon acquires IESA and expands to Southern Europe
Aareon announces the acquisition of IESA, Spain’s leading and fast growing software provider for the residential real estate segment
Mainz, 9 August 2023 ‒ Aareon, the leading provider of SaaS solutions for the European property industry, has signed an agreement to acquire Informatización de Empresas SLU (“IESA”), the number one software provider for residential real estate software in Spain.
Harry Thomsen, CEO of Aareon AG, states: "We are excited to welcome IESA to the Aareon Group and enter a new market by expanding to Spain. IESA´s rapid growth in providing software to digitally enable block management in Spain aligns perfectly with our product strategy."
Enrique Sánchez, Managing Director of IESA, says: “I am pleased that we will be part of Aareon´s growth story and contribute our expertise in the quickly digitising residential property segment."
The closing of the transaction is expected to take place this year, subject to the usual conditions and regulatory approvals.
About IESA
Informatización de Empresas SLU ("IESA") is a leading provider of residential property management software in Spain. Its offering includes SaaS-based solutions to optimise workflows and meet legal requirements of property managers. The company was founded in 1985 and has around 190 employees.
About Aareon
Aareon is the leading provider of SaaS solutions for the European property industry. The company is digitalising the property management by offering user-oriented software solutions that simplify and automate processes, support sustainable and energy-efficient operations and interconnect all process participants. This results in solutions that enable companies to realise new value-creation potential.
Aareon Group has more than 8,000 customers in the DACH region, France, the Netherlands, the Nordics and the United Kingdom. They manage a total of around 14 million units. The company employs more than 2,000 people and generated revenues of € 308 million and Adjusted EBITDA of € 75 million in 2022.