Aareon acquires IESA and expands to Southern Europe

Published on 09 Aug 2023

Aareon announces the acquisition of IESA, Spain’s leading and fast growing software provider for the residential real estate segment.

View over Madrid

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.