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All your essential information about Aareon at a glance:

Aareon completes acquisition of approx. 93% of shares in Momentum

Mainz, 27 June 2022 – On 20 June 2022, Aareon AG, through Mary BidCo AB ("Mary BidCo"), entered into binding agreements to acquire 15,489,152 shares in Momentum Software Group AB ("Momentum" or the "Company"), corresponding to a holding of approximately 93 per cent of the shares and votes in Momentum, at a price of SEK 108 per share, valuing Momentum, based on all outstanding shares, at approximately SEK 1,797 million.

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Management Board of Aareon Germany reshuffles

Mainz, 23 June 2022 – In the course of the organisational changes in the Management Board of Aareon AG, the management of Aareon Deutschland GmbH is also reshuffled. It is a subsidiary of Aareon AG, the leading technology company for the property sector in Europe.

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Aareon entered into agreements to acquire 93% in Momentum

Mainz, 20 June 2022 – Aareon AG has, through Mary BidCo AB ("Mary BidCo"), entered into binding agreements to acquire 15,489,152 shares in Momentum Software Group AB ("Momentum" or the "Company"), corresponding to a holding of approximately 93 per cent of the shares and votes in Momentum, at a price of SEK 108 per share, valuing Momentum, based on all outstanding shares, at approximately SEK 1,797 million.

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Harry Thomsen sets up a new Aareon's Management Board team

Mainz, 30 May 2022 – The Supervisory Board of Aareon, a leading provider of ERP software and digital solutions for the European property sector, has appointed Rumyana Trencheva and Dr Ernesto Marinelli to the Management Board with effect from 1 July 2022.

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Aareon intensifies partnership with Dutch PropTech OSRE

Mainz/Emmen, 23 March 2022 – Aareon, Europe's leading provider of ERP software and digital solutions for the European property industry and its partners, intensifies the existing strategic partnership by having increased its share in Dutch proptech OSRE B.V. on 22 March 2022 to 51%.  

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Aareon continues growth trajectory

Mainz, 17 March 2022 – Aareon, the leading provider of ERP software and digital solutions for the European property industry and its partners, continued growing in 2021, increasing its consolidated revenues by 4% to € 269 million (previous year: € 258 million). Adjusted EBITDA was increased by 8% to € 67 million (previous year: € 62 million).

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Press Release of Aareal Bank AG

Wiesbaden/Mainz, 13 January 2022 – Dr Manfred Alflen (61), Chairman of the Management Board of Aareon AG, has announced that he will retire from the operating business with effect from 31 March 2022. Aareon AG’s Supervisory Board has appointed Hartmut Thomsen (50) as Dr Alflen’s successor, effective 1 April 2022. Mr Thomsen will join Aareon from SAP.

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Aareon acquires ERP provider GAP-Group

Mainz, 11 October 2021 – Aareon AG, Europe’s leading provider of property software, signed an agreement on 10 October 2021 to acquire one hundred percent of the shares in GAP Gesellschaft für Anwenderprogramme und Organisationsberatung mbH (“GAP-Group”).

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Aareon sells minority stake in Immomio

Mainz, 1 September 2021 – Aareon, Europe’s leading provider of property software, has sold its 15.2% stake in Hamburg-based proptech company Immomio GmbH to W&W brandpool GmbH of Stuttgart. The contract was signed on 31 August 2021.

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Aareon acquires Munich proptech company wohnungshelden GmbH

Mainz, 23 August 2021 – Aareon, Europe’s leading property software company, signed an agreement on 10 August 2021 to acquire one hundred percent of the shares in wohnungshelden GmbH, Munich.

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Acquisition of Tilt Property Software

Mainz, 5 July 2021 – Arthur Online, a British subsidiary of Aareon, Europe’s leading provider of property software, signed an agreement on 2 July to acquire all of the shares in RentPro Ltd. and Curo Software Ltd. (United Kingdom), operating to the UK property market under the brand "Tilt Property Software” (Tilt).

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Aareon acquires Fixflo

Mainz, 25 May 2021 – Aareon AG, Europe’s leading Property Software company, and Fixflo, UK´s leading provider of property repairs and maintenance software, have signed an agreement on 21 May 2021 for the acquisition of one hundred percent of the shares in Fixflo by Aareon AG.

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Aareon acquires Twinq

Mainz/Emmen, 10 May 2021 – Aareon, Europe’s leading Property Software company, has signed an agreement on 7 May 2021 for the acquisition of one hundred percent of the shares in Twinq, Oosterhout, by Aareon Nederland B.V.

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Aareon remains on a growth trajectory

Mainz, 25 March 2021 – Aareon, the leading provider of ERP software and digital solutions for the European property industry and its partners, continued growing in 2020, increasing its consolidated revenues by 2% to € 258 million. “Even in a year made so challenging by the Covid-19 pandemic, we weren’t diverted from our growth strategy,” underscores Aareon CEO Dr Manfred Alflen.

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Aareon acquires the best-in-class SaaS player Arthur

Mainz, 23 December 2020 – Aareon, the leading provider of ERP software and digital solutions for the European property industry and its partners, acquires a 100% stake in Arthur Online Ltd. “Arthur”. Closing is planned on 29 January 2021.

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Ampolon Ventures has already founded three ventures

Mainz/Frankfurt, 3 November 2020 – Ampolon Ventures, a venture subsidiary of the Aareon Group, Europe’s leading provider of systems and consulting services for the property industry and its partners, has founded its first three ventures: Ophigo, foxxbee and Ecaria.

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Press release of Aareal Bank

Wiesbaden, 14 August 2020 – Aareal Bank AG has agreed on a long-term partnership with financial investor Advent International (“Advent”), to significantly further strengthen the growth momentum of its IT subsidiary Aareon AG. Within the scope of this agreement, Aareal Bank will sell a 30% minority stake in Aareon to Advent.

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Aareon Group increases earnings and revenues

Mainz, 31 March 2020 – Aareon, Europe’s leading provider of systems and consulting services for the property industry and its partners in the digital age, posted EBIT of 38.8 million euros (after strategic capital spending) in 2019, up 8.1% year on year. Consolidated revenues also grew, rising by a substantial 6.5% to reach 251.9 million euros. The software provider was thus able to continue its strategy of profitable growth. As a result of the Aareon Group’s increasing international reach, revenues in its International Business segment rose by 5.7% to 92.7 million euros (previous year: 87.7 million euros).

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Aareon acquires software and consulting company CalCon

Mainz/Munich, 27 November 2019 – Aareon, Europe’s leading provider of systems and consulting services for the property industry and its partners in the digital age, will acquire Munich-based CalCon Group’s business on 1 January 2020.

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Aareon Smart Platform Pioneers Open Integration

Mainz, 7 November 2019 – Aareon customers, partners and start-ups can now design and develop their own IT solutions using the wide range of web services, included in its new Aareon Smart Platform. This innovative approach, by Europe’s leading supplier of social housing and real estate technology, provides unprecedented ability to develop Housing and real estate management solutions for inclusion in the company’s widely acclaimed Aareon Smart World Ecosystem.

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Aareon acquires stake in Dutch PropTech company OSRE B.V.

Mainz, 16 April 2019 – Aareon, Europe’s leading provider of systems and consulting services for the property industry and its partners in the digital age, has acquired a 19% stake in the Dutch PropTech company OSRE B.V., Amsterdam.

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Aareon increases revenues and earnings

Mainz, 29 March 2019 – Aareon, Europe’s leading provider of systems and consulting services for the property industry and its partners in the digital age, again increased its consolidated revenues and EBIT in the 2018 financial year. The proportion of international business also went up. In addition, the Group will begin implementing a more market- and product-oriented new organisational structure for its business operations on 1 April 2019.

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Aareon closes fiscal 2017 on a successful footing

Mainz, 18 April 2018 – Aareon AG, Europe’s leading provider of systems and consulting services for the property industry, increased its revenues in fiscal 2017 by 5% to € 221.3 million (previous year: € 210.7 million). As in the previous year, international business accounted for 36.3% of consolidated revenues. At € 33.9 million, EBIT was near on the previous year’s level (2016: € 34.2 million).

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Aareon takes over mse Group’s property-industry IT business

Mainz/Augsburg/Hamburg, 2 November 2017 – Aareon, Europe’s leading provider of systems and consulting services for the property industry, has acquired all of the shares in the sales companies mse Augsburg GmbH (Augsburg) and mse Immobiliensoftware GmbH (Hamburg) as well as the development company mse RELion GmbH (Augsburg), effective 1 October 2017.

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Incit changes its name to Aareon

Mainz/Mölndal/Oslo, 19 October 2017 – Aareon, Europe’s leading provider of systems and consulting services for the property industry, has rebranded its Scandinavian Group companies Incit AB from Sweden and Incit AS from Norway as Aareon Sverige AB and Aareon Norge AS.

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Aareon signs partnership agreement with Intent Technologies

Meudon-la-Forêt/Mainz, 14 June 2017 – Aareon France (the French subsidiary of Aareon, Europe’s leading consulting and systems house for the property sector) and the French start-up Intent Technologies signed a partnership agreement.

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Aareon takes over Kalshoven Automation B.V.

Mainz/Emmen/Amsterdam, 6 April 2017 – Aareon Nederland B.V., the Dutch subsidiary of Aareon AG (Europe’s leading consultancy and systems house for the property sector), has taken over Kalshoven Automation B.V., Amsterdam, in its entirety with retroactive effect from 1 April 2017.

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Aareon records best result in its history

Mainz, 5 April 2017 – Aareon AG, Europe’s leading provider of systems and consulting services for the property industry, ended the 2016 fiscal year with the best result in the company’s history. EBIT grew by 27.1% to reach € 34.2 million (2015: € 26.9 million), well above the previous year’s level. Consolidated revenues also increased markedly, rising by 12.7% to € 210.7 million (previous year: € 186.9 million). Thanks to its steady growth, the International Business segment accounted for 36.3% (previous year: 35.6%) of consolidated revenues. The number of employees rose further, reaching 1,400 at year-end (previous year: 1,376).

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Aareon further extends its international outsourcing expertise

Mainz, 11 January 2017 – Aareon Nederland B.V., a subsidiary of Aareon AG, has acquired the remaining shares (50%) in its Dutch subsidiary SG2ALL B.V. from de Alliantie, Hilversum, with effect from 27 December 2016. SG2ALL B.V. offers its services on the Dutch market under the brand Residenz ICT.

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Aareon increases revenues in fiscal 2015

Mainz, 30 March 2016 – Aareon AG, Europe’s leading provider of systems and consulting services for the property industry, increased its revenues in fiscal 2015 by 5.2% to € 186.9 million (previous year: € 177.7 million). EBIT rose slightly, to € 26.9 million (previous year: € 26.5 million). Aareon sets great store by R&D, and capital expenditures amounted to € 9.5 million in 2015.

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Aareon takes over utilities specialist phi-Consulting

Mainz/Bochum, 23 October 2015 – The acquisition of phi-Consulting GmbH means Aareon is expanding its SAP® business to the energy supply industry. phi-Consulting offers consulting and development services in the SAP® arena that are tailored to the needs of medium-sized utilities.

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Aareon takes over Square DMS Group

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.

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Aareon and ista cooperate further

Mainz/Essen, 22 September 2015 – The aim of the cooperation is to offer integrated and secure solutions for greater transparency of consumption, efficient billing as well as innovative services in the digital building in France, Sweden and Norway.

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Stable 2014 financial year for Aareon

Mainz, 27 March 2015 – Aareon, Europe’s leading provider of systems and consulting services for the property industry, recorded a stable 2014 financial year.

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The Aareon success story continues

Mainz, 7 April 2014 – Aareon AG, Europe’s leading provider of systems and consulting services for the property industry, continued to grow in fiscal 2013.

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Aareon acquires Incit

Mainz/Gothenburg, 2 July 2013 – Aareon AG, Europe's leading provider of systems and consulting services for the property industry, has acquired a 100% stake in Incit AB, Gothenburg, with effect from 1 July 2013.

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