Flatfox becomes part of the Swiss Marketplace Group
SMG Swiss Marketplace Group AG is acquiring a majority stake in Flatfox from Mobiliar. The digital network thus takes full control of Flatfox.
According to a joint press release from SMG Swiss Marketplace Group and Mobiliar, the Zurich-based digital network company has acquired a majority stake in Mobiliar subsidiary Flatfox. With the acquisition and sole control by SMG, Flatfox will be integrated into SMG Real Estate. Flatfox has already been involved in the digitalisation of the rental process in Zurich, Bern and Fribourg in recent years. With the ImmoScout24 and Homegate portals, SMG Real Estate now wants to drive this process forward throughout Switzerland. The aim is for users to benefit efficiently from Flatfox’s digital solutions throughout the rental process on SMG’s property marketplaces, according to the press release.
“In future, it will be even easier for tenants to find a new home – digitally and in the shortest possible time,” Martin Waeber, Managing Director Real Estate at SMG, is quoted as saying in the press release. The acquisition of Flatfox also offers benefits for corporate customers. “Combining the services of Flatfox and SMG Real Estate will enable them to organise their business even more efficiently, visibly and therefore more successfully in future,” says Waeber. The SMG Swiss Marketplace Group unites the digital marketplaces of TX Group, Ringier and Mobiliar.