Press > Press releases > 2023
Aareon acquires iPaaS solution Locoia
Aareon today announced the acquisition of Locoia, a cutting-edge low code integration platform.
Mainz, 25 January 2023 ‒ Aareon, the leading provider of SaaS solutions for the European property industry, today announced the acquisition of Locoia, a cutting-edge low code integration platform, with proptechs as its strongest vertical.
"We are thrilled to welcome the talented team at Locoia to the Aareon family," said Harry Thomsen, CEO of Aareon. "Their innovative technology and expertise in low code integrations will be instrumental in helping us achieve our goal of providing an open partner ecosystem."
"We are excited to join forces with Aareon and contribute to the company's vision of creating an open API-enabled platform for partners," said Richard Hector, Founder of Locoia. "We are proud to be part of a team that provides the operating platform of the property industry, and thus, is the major driver of digitalisation in this space."
With more than 14 million units on its systems, Aareon opens up new opportunities for its customers and ensures economic success in a fast-changing world that requires new, sustainable, interconnected software solutions. For customers, this means more seamless processes between its trusted data source and any point solutions. For the proptechs, Locoia enables access and growth potential with the leading real estate providers in Europe.
"We are constantly looking for ways to lead in innovating our industry, and this acquisition is a major step in empowering all proptechs in providing much needed integrations to our shared customer base," said Thomsen. "We are shaping a new, more open era in Aareon’s product strategy and vision. You can expect more product announcements in Q1 2023."
About Locoia GmbH
Locoia GmbH offers a low code automation and data platform to transform the entire business. With the Locoia platform companies are able to integrate the entire tech stack through an all-in-one iPaaS solution and automate the processes. Locoia has a European-wide customer base and is headquartered in Hamburg.
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. Research and development activities of Aareon pursue a collaborative approach in which knowledge and expertise of the technology leader meet the needs and requirements of its clients. This results in solutions that help make peoples’ lives and work easier and enable companies to realise new value-creation potential.
Across Europe more than 7,000 clients manage approximately 14 million units. The Aareon Group has a presence with offices in the DACH region, in France, the United Kingdom, the Netherlands, in the Nordics and employs more than 2,000 people. In 2021, Aareon generated revenue of €269 million and adjusted EBITDA of €67 million.