HomeToGo Buys Amivac in Start of Acquisition Spree
Photo Caption: HomeToGo, a travel startup focused on vacation rental price comparison and software for property managers, is on an acquisition spree. Source: HomeToGo.
Skift Take
HomeToGo has been outracing rivals and disproving doubters. The metasearch brand runs operations efficiently. For example, it offers a subscription model to property managers who list with it, and that model appears to be more consistently profitable than charging traditional pure commissions.
HomeToGo, a travel startup focused on vacation rental price comparison and software for property managers, has acquired the vacation rentals business unit of the real estate group SeLoger.
The companies didn't disclose the terms of the deal, which includes the acquisition of French sites amivac.com, vacances.com, and vacances.seloger.com.
“France is one of the most important travel markets in Europe and many of the Amivac vacation properties are unique to the site — allowing HomeToGo to expand our global presence and offer exclusive accommodation options to our consumers," said Valentin Gruber, HomeToGo's chief operating officer, in an interview.
HomeToGo is prepared to make additional purchases, using some of the $248 million in cash added to its balance sheet when it became a public company in November.
"HomeToGo is focused on our global expansion in all major markets,” Gruber said.
The deal also
