Germany/Switzerland: Berlin-based vacation rental marketplace HomeToGo plans to complete its €160 million acquisition of vacation rental management company Interhome by the end of this week.
The deal can go ahead after the Swiss Competition Commission (COMCO) gave it approval for Dertour Group’s planned acquisition of Hotelplan Group, excluding the Interhome brand. The regulatory body initially expressed concern that the deal could create a “dominant market position”, with the companies becoming the largest tour operator in Switzerland. Following a three-month investigation, COMCO approved the deal “without conditions or obligations”.
HomeToGo co-founder and CEO Patrick Andrae said: “The planned closing of Interhome marks a transformative new chapter in our journey that will unlock new levels of growth potential and profitability. Interhome’s integration will establish HomeToGo_PRO as the leading software and tech-enabled service solutions provider for vacation rentals and will make our B2B segment our new centre of gravity. We are thrilled to welcome Interhome and its exceptional team as we continue to further build Europe’s leading vacation rental group together.”
Highlights:
• Berlin-based vacation rental marketplace HomeToGo plans to complete its acquisition of vacation rental management company Interhome by the end of this week
• The €160 million deal can go ahead after the Swiss Competition Commission (COMCO) gave it approval for Dertour Group’s planned acquisition of Hotelplan Group, excluding the Interhome brand
• HomeToGo co-founder and CEO Patrick Andrae said the deal will make the company’s b2b offer its “new centre of gravity”
