One of Switzerland’s leading insurance companies La Mobilière acquired Flatfox, a leading property platform in Switzerland. Together, the companies will continue to develop the real estate marketplace and the software.
With this acquisition, La Mobilière extends its range of housing, and for Flatfox, this acquisition gives additional impetus to continue to develop the free marketplace and smart tools for the digital rental process.
Zurich-based Flatfox has 15 employees and offers a property marketplace for landlords and business customers to list properties free of charge, as well as software solutions to business customers (such as property managers) for managing the digital rental process. La Mobilière, its real estate marketplace aroov, and Flatfox will join forces to share their know-how and create advantages for customers.
“Flatfox has attractive features, a strong customer base and a team of motivated founders who will stay on board. The interaction between aroov and Flatfox offers consumers interesting services. Real estate professionals, for their part, benefit from comprehensive solutions that allow them to be present to tenants at the right time with relevant offers,” comments Andrea Kleiner, COO of Mobiliar.
There are other benefits of the acquisition, too. The companies can connect their management applications with the most-used online property listings in Switzerland, or Flatfox can handle all types of interaction with tenants, over a single platform. That could lead to increased efficiency and better agility in the rental process and, as a consequence, shorter vacancy periods.
“We are delighted with the collaboration with Flatfox. Each can build on their strengths and, at the same time, we benefit from each other. Our customers have everything to gain from this, as they will now have an even better service,” adds Matthias Frieden, Managing Director of aroov.