HomeToGo Buys Stake in Two German Companies for $34 Million
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's M&A strategy: Focus more on profit, less on synergy.
HomeToGo, the short-term rental comparison-shopping engine, acquired a 51% majority stake in two German companies: KMW Reisen and Super Urlaub.
This is Germany-based HomeToGo's biggest deal ever, valued at around €31 million ($34 million). If the deal closes as expected in January, the brands would be included in HomeToGo’s financial reporting starting with first quarter earnings. However, the company will not break out the subsidiaries’ reve
