
Update to the Interhome acquisition in response to the Swiss Competition Commission’s announcement regarding the review of the Hotelplan Group acquisition by DERTOUR Group
EQS-News: HomeToGo SE
/ Key word(s): Acquisition
Update to the Interhome acquisition in response to the Swiss Competition Commission’s announcement regarding the review of the Hotelplan Group acquisition by DERTOUR Group Luxembourg, 27 May 2025 - Following today’s announcement by the Swiss Competition Commission (COMCO) regarding the planned acquisition of Hotelplan Group by DERTOUR Group, HomeToGo SE (Frankfurt Stock Exchange: HTG) expects to close its previously announced acquisition of Interhome latest within the next four months. HomeToGo signed a binding agreement for the Interhome acquisition and successfully completed the related capital increase in February 2025. The Company has received all relevant regulatory approvals already in March 2025. Today, COMCO announced that it will initiate an in-depth investigation (Phase II review) of the planned acquisition of Hotelplan Group by DERTOUR Group. Neither HomeToGo nor Interhome are directly subject to this review by COMCO. HomeToGo and DERTOUR Group have signed definitive agreements to acquire separate entities of Hotelplan Group in a joint transaction: HomeToGo has signed a binding agreement to acquire Interhome – Europe’s second-largest vacation rental management company – while DERTOUR Group has signed a binding agreement to acquire the other entities of Hotelplan Group. While HomeToGo has already received all necessary regulatory approvals, the transaction as a whole cannot close until the regulatory approval required by COMCO for the DERTOUR Group transaction has also been received. Therefore, the review by COMCO is expected to delay the overall closing, including HomeToGo’s acquisition of Interhome. As a result, HomeToGo expects to close the acquisition latest within the next four months. The purchase price for the acquisition of Interhome is structured with a so-called “locked box” mechanism, meaning that even in the event of a delayed closing, the previously communicated upfront cash payment is still fixed while the expected economic benefit of the Interhome performance during the next months will be reflected in the net assets to be acquired and is expected to have a positive impact on the cash position of HomeToGo Group. The consolidation of Interhome by HomeToGo Group – with the respective visible impact on the reported Booking and IFRS Revenues as well as the reported Adjusted EBITDA and Free Cash Flow – will only occur from the date of the consummation of the closing. Should a delay result in a relevant effect on HomeToGo’s guidance for FY/25, the Company will announce any update in accordance with applicable law. HomeToGo, together with Migros and DERTOUR Group, will analyze the expected requirements of the Phase II review and its specific impact on timing. About HomeToGo Group HomeToGo was founded in 2014 in Berlin, Germany, with a vision to make incredible homes easily accessible to everyone. HomeToGo has since grown to become the SaaS-enabled marketplace with the world’s largest selection of vacation rentals. HomeToGo is the official main sponsor and travel partner of German Bundesliga football club 1. FC Union Berlin. With 20M+ vacation rental offers across thousands of trusted partners, HomeToGo’s AI-powered B2C Marketplace seamlessly connects travelers with the perfect home for any trip. HomeToGo_PRO, the company’s B2B segment, offers innovative Software & Service Solutions for everyone who wants to be successful within vacation rentals, with a special focus on SaaS for hosts. HomeToGo was born in Berlin and is built in Europe. While HomeToGo SE's registered office is located in Luxembourg, HomeToGo GmbH is headquartered in Berlin, Germany. HomeToGo operates localized apps and websites in more than 30 countries. HomeToGo SE is listed on the Frankfurt Stock Exchange under the stock ticker “HTG” (ISIN LU2290523658). For more information visit: www.hometogo.com/about HomeToGo - Millions of stays. One home.
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Certain statements contained in this release may constitute "forward-looking statements" that involve a number of risks and uncertainties. Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on assumptions, forecasts, estimates, projections, opinions, or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that are subject to change. No representation is made or will be made by HomeToGo SE that any forward-looking statement will be achieved or will prove to be correct. The actual future business, financial position, results of operations, and prospects may differ materially from those projected or forecast in the forward-looking statements. Neither HomeToGo SE nor any of their respective affiliates assume any obligation to update, and do not expect to publicly update, or publicly revise, any forward-looking statements or other information contained in this release, whether as a result of new information, future events or otherwise, except as otherwise required by law.
27.05.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | HomeToGo SE |
9 rue de Bitbourg | |
L-1273 Luxembourg | |
Luxemburg | |
E-mail: | ir@hometogo.com |
Internet: | ir.hometogo.de |
ISIN: | LU2290523658, LU2290524383 |
WKN: | A2QM3K , A3GPQR |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange |
EQS News ID: | 2145846 |
End of News | EQS News Service |
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2145846 27.05.2025 CET/CEST