Schibsted has acquired HomeQ Technologies AB, a leading marketplace for long-term rentals in Sweden, to strengthen its position in the rental market and diversify its digital service offerings.
Target Information
Schibsted, a leading media and marketplace company headquartered in Norway, has recently acquired HomeQ Technologies AB, a prominent Swedish marketplace specializing in long-term rentals. Founded in 2016, HomeQ has quickly established itself as a vital platform that connects property owners with tenants, offering a seamless alternative to traditional public housing queues.
This acquisition emphasizes Schibsted’s commitment to enhancing their position in the growing rental market, thus further diversifying their portfolio in Sweden's real estate sector. HomeQ’s innovative approach allows it to cater effectively to both landlords and prospective tenants, providing a user-friendly interface and robust service offerings.
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Industry Overview
In Sweden, the real estate rental industry has become increasingly competitive, driven by a growing demand for housing amid urbanization and an expanding population. The marketplace for long-term rentals has evolved, especially since the COVID-
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Schibsted
invested in
HomeQ Technologies AB
in 2024
in a Other deal