Targomo GmbH has been acquired by Casafari Europe Ltd, enhancing their location intelligence offerings with extensive property data analytics capabilities.

Target Company Information

Targomo GmbH, founded in 2013 and based in Berlin, is a leading international provider of an AI-driven Location Intelligence SaaS platform. This innovative platform serves approximately 150 clients, specifically in the Retail and Hospitality sectors, across 23 countries. Targomo's software enables comprehensive assessments of location quality, generating revenue forecasts that help businesses identify suitable sites for their operational needs. Additionally, Targomo offers an API that enables geo-applications such as travel time calculations, route planning, and isochrones across various platforms.

Industry Overview in Germany

The German market for location intelligence technology is experiencing significant growth, driven by advances in artificial intelligence and data analytics. As businesses increasingly rely on data to make strategic decisions regarding site selection, investment in location intelligence solutions has surged. This trend is particularly prominent in sectors like retail and hospitality, where understanding consumer behavior and optimizing site locations can have substantial impacts on profitability.

Germany, known for its strong economy and technological innovation, provides an encouraging environment for location intelligence companies. The integration of AI solutions in various domains is fostering a