Press release from Aareal Bank AG: Sale of Aareon to TPG
Aareal Bank and Advent International to sell Aareon to TPG for approximately € 3.9 billion
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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. Dr. André Rasquin and Rumyana Trencheva will take up their positions on the Management Board of Aareon Deutschland GmbH on 1 July 2022.
In future, Dr. André Rasquin will be responsible for chairing the Management Board of Aareon Deutschland GmbH, in addition to his function as a member of the Management Board of Aareon AG. This covers the markets of Germany, Austria and Switzerland. He succeeds Torsten Rau, who is leaving the company at his own request. Dr. André Rasquin has held various management positions in the property industry, and has been a member of the Management Board of Aareon AG since 2010.
Rumyana Trencheva, who will become a member of Aareon's Management Board of the AG on 1 July, will simultaneously join the Management Board of Aareon Deutschland GmbH. She has extensive experience in building sales teams and supporting clients through the technological innovation cycle.
Aareon CEO Harry Thomsen emphasizes: "I would like to thank Torsten Rau for his contribution as Head of Management Aareon Deutschland. Under his management, the portfolio of offerings for the DACH market was expanded in a forward-looking manner." Thomsen continues, "I am very pleased that with Dr. André Rasquin and Rumyana Trencheva we were able to appoint two proven experts with years of experience in the field of high-growth technology companies and the property industry. Aareon is in a crucial phase of digital transformation on its way to becoming a SaaS company that offers best-in-class products and services via the Aareon Smart World digital ecosystem and is also pursuing further expansion of its market position in the DACH region as part of its growth strategy."
"Together with the management team of Aareon Deutschland GmbH, I will work with great commitment to expand our portfolio of offerings in the DACH region in a customer-oriented manner," emphasizes Dr. André Rasquin. "In doing so, I will pursue the goal of making technology useful for our industry and creating added value for clients and users. A particular future focus will be on the topic area of ESG."
"I am looking forward to further expanding the growth-oriented business models of Aareon Deutschland GmbH and to creating additional added value for clients with innovative technologies," says Rumyana Trencheva.
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Aareal Bank and Advent International to sell Aareon to TPG for approximately € 3.9 billion
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