Expansion of the range of services through strategic acquisition

Pforzheim-based ease GmbH has acquired the Munich-based subsidiary of Helvengo AG. The acquisition of the Zurich-based insurance company's German business is intended to complement ease's range of services. The two companies have already worked together in the past.

Pforzheim-based ease GmbH has acquired the Munich-based subsidiary of Helvengo AG. With the takeover of Helvengo GmbH, the insurance company specialising in the property industry intends to expand its range of services, ease announced in a press release. The purchase price was not disclosed.

Helvengo, which was founded in 2020, specialises in the development of innovative insurance products. The two companies had already jointly developed a building insurance solution based on the Internet of Things (IoT) in 2022. “The IoT-based tariff set a milestone last year,” said Marcel Hanselmann, Managing Director of ease, in the press release. “We are delighted to be actively shaping the future in this area with Helvengo GmbH and to be able to offer our customers an even more attractive portfolio of services.”

Zurich-based Helvengo AG has been in liquidation since the beginning of August. With ease, the German subsidiary “has had a strong partner at our side from the very beginning, who has played a key role in shaping our vision of data-driven insurance products”, explains Helvengo co-founder Felix Huemer in the press release. “We are convinced that Helvengo GmbH will be able to utilise synergies within the corporate group with ease and continue to expand successfully on the market.”