03.05.2018
Hypoport AG DE0005493365
DGAP-News: Hypoport AG: Establishment of Germany's largest independent property valuation company within the Hypoport Group
DGAP-News: Hypoport AG / Key word(s): Takeover
Hypoport AG: Establishment of Germany's largest independent property
valuation company within the Hypoport Group
03.05.2018 / 11:12
The issuer is solely responsible for the content of this announcement.
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Press release
Acquisition
Establishment of Germany's largest independent property valuation company
within the Hypoport Group
- Acquisition of all shares in Value AG
- Synergies with the business models of several Hypoport subsidiaries
- Creation of a one-stop solution for mortgage lenders
- Property valuation services to suit all requirements, from a single source
Berlin, 3 May 2018: Hypoport AG acquired all of the shares in Value AG
yesterday. The parties have agreed not to disclose the purchase price. Value
AG, a property valuation specialist headquartered in Berlin, also has
offices in Frankfurt, Munich, Hamburg and Essen and employs more than 60
people. In 2017, Value AG generated revenue of over EUR8 million. By
acquiring the property appraiser, Hypoport AG is significantly bolstering
its competitive position in the property valuation segment and can now offer
a complete range of products.
Value AG has been a non-captive appraiser for more than 15 years, operating
independently of banks, property developers, estate agencies and insurance
companies. In October 2015, the company was one of just six valuation
companies in Germany to receive the 'Approved by HypZert' quality
certificate for the first time. Each year, Value AG's experts value several
thousand properties in Germany and other European countries in accordance
with national and international standards.
By acquiring Value AG, the Hypoport Group is now able to offer the full
range of property valuation services. In 2016, Hypoport expanded into
property valuation services for consumer loans when it acquired HypService
GmbH. Involving close collaboration with other subsidiaries in the Hypoport
Group's Credit Platform segment (the EUROPACE financial marketplace, FINMAS
for the Savings Banks Finance Group, GENOPACE for the credit cooperatives
and mutually owned banks), the aim was to make the process of concluding a
mortgage agreement as simple and reliable as possible for both consumers and
lenders. Today, more than 100 banks use the services provided by HypService
GmbH's 100 or so employees across Germany, who carry out expert internal and
external inspections of properties.
They will now be joined by the appraisers from Value AG, who will conduct
expert appraisals for higher-volume loans, market value and current value
appraisals, and portfolio valuations. The comprehensive combined range of
products from HypService GmbH and Value AG means that lenders can now fully
outsource their valuation processes. Thanks to integration of the different
service packages on the EUROPACE transaction platform, the Hypoport Group
offers its bank partners extensive support and automated processes for their
lending decisions.
The synergies are not limited to the consumer loan segment. The Hypoport
Group's roots lie in the housing industry, where DR. KLEIN Firmenkunden AG
operates as an independent advisor for housing companies and is the largest
mortgage broker, with the volume of loans brokered totalling more than EUR2
billion per year. In future, it will also be able to offer expert property
valuation services to its clients seeking high-volume loans.
"The addition of Value AG to the Hypoport AG family of companies, the
integration with HypService GmbH and the close collaboration with EUROPACE
AG and DR. KLEIN Firmenkunden AG enable us to create ideal conditions for
faster and sustainable growth at Value AG and the other subsidiaries,"
states Ronald Slabke, Chief Executive Officer of Hypoport AG. "Valuation
reports from Value AG are a fantastic addition to our range of property
valuation services and provide the final link in the value chains for
property transactions for both private and institutional clients. Together,
we are now the largest non-captive provider of the full range of valuation
services in the financial sector."
Information on Hypoport AG
Hypoport AG is the parent company of the Hypoport Group. The subsidiaries of
the Hypoport Group are engaged in the distribution of financial services,
facilitated or supported by financial technology ('fintech'), and are
divided into four business units.
The Credit Platform business unit operates EUROPACE, which is an online
financial marketplace and the largest German software platform offering
mortgages, building finance products and personal loans. A fully integrated
system links more than 500 partners - banks, insurers and financial product
distributors. Several thousand loan brokerage advisors execute some 35,000
transactions per month on EUROPACE, generating a volume of around EUR4
billion. Besides EUROPACE, the FINMAS and GENOPACE sub-marketplaces and the
B2B distribution companies Qualitypool and Starpool support the growth of
the credit platform.
The Private Clients business unit, made up of the web-based, non-captive
financial product distributor Dr. Klein Privatkunden and the consumer
comparison portal Vergleich.de, brings together all business models aimed at
directly advising consumers on mortgages, insurance or pension products.
The Institutional Clients business unit, operating under the DR. KLEIN
Firmenkunden AG brand, is a leading financial service partner to housing
companies and commercial property investors.
The Insurance Platform business unit operates Smart InsurTech, a platform
for advice, comparison of tariffs and the administration of insurance
policies.
Hypoport AG is headquartered in Berlin, Germany, and has more than 1,200
employees. Its shares are listed in the Prime Standard segment of the
Frankfurt Stock Exchange (Deutsche Börse) and have been included in the SDAX
since 2015.
Contact
Hypoport AG
Klosterstraße 71
10179 Berlin
Internet: www.hypoport.de
Twitter: www.twitter.com/Hypoport
Press
Sven Westmattelmann
Head of Public Relations & Marketing
Phone: +49 (0)30 / 42086 - 1935
E-Mail: [email protected]
Investor Relations
Jan H. Pahl
Investor Relations Manager
Phone: +49 (0)30 / 42086 - 1942
E-Mail: [email protected]
Key data on Hypoport's shares
ISIN DE 0005493365
WKN 549336
Stock exchanges symbol HYQ
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03.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Hypoport AG
Klosterstraße 71
10179 Berlin
Germany
Phone: +49/30 42086-0
Fax: +49/30 42086-1999
E-mail: [email protected]
Internet: www.hypoport.de
ISIN: DE0005493365
WKN: 549336
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Stuttgart,
Tradegate Exchange
End of News DGAP News Service
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682031 03.05.2018
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