Aareon continues its planned growth after buying Arthur, a UK-based proptech company in December 2020.
According to Aareon, Arthur offers a best-in-class SaaS property management solution which brings together property managers, property owners, tenants and contractors on a single technology platform. Via its suite of integrations, Arthur streamlines its customers’ property management processes from start to finish. Launched in 2015, Arthur has over 1,000 customers managing around 90,000 properties in total.
Dr. Manfred Alflen, CEO, Aareon AG, said, “By acquiring Arthur, we have taken another step in our profitable growth strategy and are entering the market of small and medium-sized property managers in the UK. Arthur will continue to support its customers as an independent brand and help Aareon move forward with its expansion.”
Marc Trup, CEO, Arthur, said, “Our acquisition by Aareon presents a massive opportunity for us to further improve our service offering to property professionals across various attractive growth markets.”