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Aareon takes over Square DMS Group B.V. in the Netherlands

With the acquisition, Aareon is expanding its leading position in Europe. Square DMS Group B.V. is an expanding provider of case management solutions for the property sector in the Netherlands.

Mainz/Emmen/Grathem, 15 October 2015 – Aareon Nederland B.V., the Dutch subsidiary of Aareon AG (Europe’s leading consultancy and systems house for the property sector), has taken over Square DMS Group B.V., Grathem, in its entirety with effect from 1 October 2015.

Square DMS Group B.V. offers case management solutions (ShareWorX®) in the Netherlands and Belgium to the housing industry in the main. In case of Case Management, all documents relevant to a business are combined and digitally stored. By rendering all this information in the case file accessible by all parties, involved at any moment, promptly and easily, the case can be handled more efficient.

Alongside software solutions for case management, the associated process consulting is a key aspect of its business. Almost 30 percent market share in rental units in the Netherlands are already using case management solutions from Square DMS.

Dr. Manfred Alflen, Chairman of the Management Board of Aareon AG: “By taking over Square DMS Group B.V. we are supplementing our solution portfolio. The customers of Aareon Group in the international arena will also profit from the acquired expertise.”

Martin Holwerda, Managing Director of Aareon Nederland B.V.: “This takeover enables us to offer a modern case management solution for the property sector on the Dutch market. As a result, we are in a position to support our customers effectively.”

Leon Heber, one of the Managing Directors of Square DMS Group B.V.: “Integration in Aareon Group means that we belong to the leading European consultancy and systems house for the property sector and can offer our expertise on European level. In addition, close cooperation and international exchange of knowledge with Aareon will accelerate the development of new solutions.”

About Aareon

Aareon AG, a wholly-owned subsidiary of the Aareal Bank Group, Wiesbaden, is Europe's leading consultancy and systems house for the property sector. The company offers its customers pioneering and secure consulting services, software and other services aimed at optimising their IT-based business processes.

Aareon’s more than 2,800 customers in six countries manage over ten million units. Aareon has a presence at 28 sites (nine of which are in Germany) and operates in Germany, France, the United Kingdom, the Netherlands, Norway and Sweden. The consultancy and systems house has more than 1,200 employees, more than one-third of whom work outside of Germany. In 2014, Aareon recorded sales of around € 177.7 million and generated earnings before interest and taxes (EBIT) of € 26.5 million.

About Aareon Nederland B.V.

Aareon Nederland is a leading provider of specialised software for the property sector.

As a strategic business partner, we support our clients in realising their current and future company goals by translating them into relevant, modern and future-oriented ICT solutions.

Our solutions are used for the management of 528,000 rentable units in the Netherlands. Aareon Nederland is located in Emmen and has about 170 employees.

About Square DMS Group B.V.

Since 1998, Square has been providing enterprise content management (ECM) software for the property sector in the Netherlands and in Belgium. The company mission “making information accessible” is a hotter topic than ever in this area of explosive growth of unstructured information. The Square business-focused ECM solutions are used to manage information for approx. 650,000 rentable units. With these ECM solutions, Square DMS supports the concept of the online housing organisation.

Square DMS is located in Grathem and has 40 employees.

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