Serviced Apartments Platform AG Acquires Acomodeo

Switzerland-based Serviced Apartments Platform AG, which
first invested in the German start-up Acomodeo in 2020, has fully acquired the
serviced-apartment provider, according to Acomodeo. Terms of the agreement were
not disclosed. The management of Serviced Apartments Platform AG will take over
Acomodeo operations from founder Eric-Jan Krausch and managing director Peter
Ashworth as of Sept. 1, 2021.

“It has been a turbulent year,” Krausch said in a
statement. “Due to refinancing needs in the middle of the corona crisis,
we were dependent on new shareholders. In addition to the support from
customers and suppliers, it was the backing of Serviced Apartments Platform AG
that got us through this challenging time and enabled us to continue to further
develop and grow.”

Anja Graf, chair of the board of directors for Serviced
Apartments Platform AG, plans to further expand the company’s digital
marketplace for serviced apartments and is investing in international sales
offices, according to the statement.

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Earlier this year, Acomodeo had integrated
with Concur Travel and partnered
with Booking.com.

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