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IWMAC and Egain join forces to drive sustainability in building energy management

18 March, 2021 Transactions
Photo: Egain.

Property management specialists IWMAC and Egain are now joining forces to become leaders within proptech in Europe.

The vision of the new company is to make a big impact in the fight against climate change by offering the smartest and most cost-efficient proptech platform on the market.

“Merging IWMAC and Egain creates a fantastic opportunity to grow further. After all, we enable our customers to significantly improve profitability, while reducing emissions and waste at the same time”, says Kent Zehetner from Pivot Invest, who will be board chair of the new company.

In 2020 the combined turnover of IWMAC and Egain exceeded € 16 million and the new company will initially have offices in 7 countries with a total of 120 employees. This is only the beginning and the current merger will be followed by acquisitions of other prominent proptech specialists on the European arena, continually growing the company’s market share under a new brand name that will be announced in the near future.

Aabø-Evensen has acted as legal counsels to Iwmac Holding AS in connection with the transaction.

To view Iwmac’s complete press release, please click here

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