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Aareon acquires Incit

Aareon acquires Incit, the leading provider of ERP software to the property industry in Scandinavia.

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. Incit AB is one of Scandinavia's leading providers of ERP software for property management. A rapidly growing company, Incit AB offers property management software solutions for housing companies, local governments and commercial property operators as well as real estate managers and service companies. With this acquisition, Aareon is extending its international business into the Scandinavian market and further developing its leading position in Europe. Almost 300 customers entrust Incit with the management of their property investments.

Press photo: Aareon acquires Incit
Press photo: Aareon acquires Incit · Dr. Manfred Alflen, Aareon AG and Göran Johansson, Incit AB

Dr. Manfred Alflen, CEO of Aareon AG, said: “Aareon's international business has performed very well in recent years. The Scandinavian market is an important part of implementing our strategy given its high proportion of institutional investors. Like the majority of the Aareon Group's other solutions, Incit AB's ERP systems are based on Microsoft technology. They are also designed for use in multiple currencies and countries. This means that they complement our service portfolio perfectly. Our customers will now additionally benefit from the experience of our experts in Scandinavia.”

Göran Johansson, CEO of Incit AB: “By focusing squarely on the property industry and becoming an integral part of the Aareon Group, we can offer numerous benefits to our customers, for example providing data centre services from the exclusive Aareon Cloud. The international exchange of expertise within a strong group will also boost our strong growth path in Scandinavia.” Under the umbrella of the Aareon Group, Incit AB will continue its successful growth strategy – retaining its existing management and independent market identity – at its current locations in Sweden, Norway and the Netherlands.

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