5th July 2021
Arthur, part of the Aareon Group, has acquired TILT Property Software (RentPro Ltd and Curo Software Ltd), providers of property management software in the U.K.
Tilt was one of the first PropTechs providing property management software in the British market. With its three different platforms – Origin, Elevate and Affinity – Tilt offers a comprehensive web-based software package for property management. Tilt’s customers are small and medium-sized property managers, real estate agents and social-housing companies.
Arthur, a London, UK based company, offers SaaS property management solutions which brings together Property Managers, Property Owners, Tenants and Contractors in one single platform. Via its suite of integrations Arthur streamlines its clients’ property management processes from start to finish. The company, launched in 2015, has over 1,000 clients managing ca. 90,000 units. Arthur was acquired by Aareon in January 2021.
Following the recent acquisitions of Arthur Online and Fixflo in the UK, Aareon is further enhancing its position in the British market for small and medium-sized property managers. The acquisition of Tilt forms part of Arthur's growth plans and will allow add further value to the clients of both Arthur and Tilt.
In more than 60 years of company history, Aareon AG has developed into Europe's leading provider of ERP software and digital solutions for the property industry. As an international company, Aareon sets standards for managing complex business processes. Customers rightly rely on the extensive know-how, the sophisticated applications and the intensive support provided by specialists with many years of market knowledge. This leads to pioneering and secure solutions that are tailored to the respective market needs and support customers in better achieving their goals.
In addition to central, country-specific ERP systems, Aareon offers digital solutions for all property management processes. These include CRM solutions, document management systems, mobile applications, internet-based service portals and much more. The integrated, collaborative solutions are part of the digital ecosystem - the Aareon Smart World.
The IT company, headquartered in Mainz, Germany, is a subsidiary of Aareal Bank AG, which holds 70% of the shares. 30% of the shares are owned by Advent International.
Lerner Associates acted as the exclusive M&A advisor to TILT Property Software.