SeLoger.com has decided to diversify its offering, in order to do this, the French portal, controlled by the German publisher Axel Springer decided to acquire the seasonal vacation rental property portal Vacances.com. The transaction amount was not specified.
In 2011, SeLoger.com purchased a-Gites.com. “This new acquisition allows SeLoger to cover most of the market” said Roland Tripard, CEO of SeLoger.com, “the rapid growth and diversity of products offered to our customers help make us a major player in this sector,” Tripard concluded.
David Leray, CEO Vacances.com said, “Joining a group such as SeLoger.com, who have 1.3 million listings, allows for development opportunities which we can explore together.”
Axel Springer bought SeLoger.com in March 2011 for more than 620 million Euros. It is the largest investment the company has ever made.