Real estate technology company HqO is expanding its occupier market and broadening its global reach through the acquisition of Symbiosy for an unspecified amount.
Symbiosy, a workspace technology created by international workspace provider HB Reavis, offers a portfolio of smart building solutions consisting of systems integrations, internet-of-things and software interfaces. The company operates in the UK, Germany, Poland, Slovakia, and Hungary
HqO said the the acquisition of Symbiosy further “propels HqO’s growing occupier business and expands its geographical footprint”, especially in European business hubs, including London, Berlin, and Warsaw.
Symbiosy joins HqO’s growing portfolio and third acquisition in two years, alongside Leesman and Office App, strengthening their commitment to transforming the workplace experience.
Chase Garbarino, co-founder and CEO at HqO, said: “Adding Symbiosy to the HqO family is the perfect fit with our vision to put people and their experiences of space at the centre of the real estate industry. By pairing HqO’s newly launched REX [real estate experience] platform with Symbiosy’s deep expertise in creating intelligent and innovative workplaces, we are reimagining the future of real estate experience.
“We are excited to bring Symbiosy’s intimate knowledge of the built environment and the people within it to our customers as we continue to scale and innovate our occupier product offerings.”
Marcel Sedlak, CEO of HB Reavis, said: “During HB Reavis’ 30 years of experience in real estate, our people-centric approach focused on well-being has proven to generate the most value for real estate businesses and people. Partnering with HqO will enable us to continue focusing on this path while providing the existing Symbiosy customers with enhanced services and solutions.”
Tibor Nyitray, head of Symbiosy, said: “Together, we aim to support our existing clients and introduce our combined product offerings to a broader audience, empowering more customers to harness the advantages of smart building technology, hybrid work support, energy optimisation, and tenant engagement in order to enhance the overall workplace experience and well-being.”
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