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Aareon acquires Munich proptech company wohnungshelden GmbH

Aareon is driving forward its growth strategy by acquiring the proptech company wohnungshelden GmbH, which specialises in digital housing brokerage. The acquisition further expands Aareon’s position as a leading software company for the European property industry.

Mainz, 23 August 2021 – Aareon, Europe’s leading property software company, signed an agreement on 10 August 2021 to acquire one hundred per cent of the shares in wohnungshelden GmbH, Munich. Through this acquisition, Aareon is continuing its growth trajectory by adding a digital housing brokerage solution to its product portfolio in Germany.

wohnungshelden GmbH offers a software solution that enables housing companies to digitalise their entire lettings process: from marketing a property through managing prospective tenants and appointments to concluding the contract. Customers of wohnungshelden who already use wohnungshelden solution are owning more than 750,000 residential units. Many public, private and church-run housing companies as well as cooperatives rely on the fully integrated solution, which ensures a fair, transparent and efficient letting process.

Dr. Manfred Alflen, Chairman of the Management Board of Aareon AG: “As a leading technology provider for the European property sector, it is our mission to support our clients in their digital transformation process, and to help them manage their business processes optimally. With wohnungshelden’s digital solution, we are further expanding our product portfolio for all aspects of the digital letting process.”

Martin Staudacher, Managing Director and co-founder of wohnungshelden: “Under the roof of the Aareon Group as a leading provider of software solutions for the property industry, we will be able to realise additional growth potential and further develop our wohnungshelden cloud-based solution, for existing and new customers, with an eye to the future.”

wohnungshelden GmbH will continue to pursue its growth strategy as part of the Aareon Group, with its existing management and an independent market presence.

About Aareon

Aareon is the leading provider of ERP software and digital solutions for the European property industry and its partners. The Aareon Group offers pioneering and trusted software solutions to optimise business processes and business model development. Around 3,000 clients of the technology leader manage more than 10 million units across Europe. The Aareon Group is an international company with offices in the DACH region, Finland, France, Great Britain, the Netherlands, Norway and Sweden. Aareon operates its own development company in Romania. The Aareon Group employs over 1,800 people, with more than one-third based in its international subsidiaries. In 2020, Aareon generated revenue of around €258 million and adjusted EBITDA of €62 million.

About wohnungshelden GmbH

wohnungshelden GmbH with its headquarters in Munich specialises in digital housing brokerage. The proptech company has developed a cloud solution that both housing companies and cooperatives can use to digitalise their entire letting process. The wohnungshelden software covers all steps of the process – from marketing a property through managing prospective tenants and appointments to concluding the contract. By bundling all relevant information in one place, property owners are able to manage their rental operations more efficiently and effectively. A particular focus is on ensuring a transparent letting process that leaves no one out and allows for a fair selection of potential tenants. wohnungshelden can adapt its highly flexible software solution individually to the particular challenges of its customers. Accordingly, data can be exchanged either without an interface or via a link to conventional ERP systems. The wohnungshelden software thus offers a high degree of customisability combined with guaranteed GDPR compliance for all letting processes. Data sovereignty rests with the customer at all times. wohnungshelden GmbH was founded in 2016.

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