ASX-listed company Camplify (ASX:CHL) reports it has completed the acquisition of the German company PaulCamper including their subsidiaries of PaulCamper Insurance Broker.
The company says this acquisition is a ‘major’ strategic evolution for Camplify, positioning it as a key player in the European recreational vehicle (RV) rental market.
Camplify CEO and Founder Justin Hales said: “This acquisition delivers Camplify a strategic and targeted growth opportunity in Europe, with a securing of the largest key market which is Germany.
It provides Camplify with an excellent team of digital marketplace professionals based in Europe, allowing us as a group to optimise and look for expansion opportunities.
“This acquisition delivers Camplify a strategic and targeted growth opportunity in Europe, with a securing of the largest key market which is Germany”
I am extremely impressed by the PaulCamper operation, and excited by the ability these transactions provide to build our business and accelerate our pathway towards a cashflow positive position and profitability with significant ability to grow revenue through vertically integrated products.
We welcome PaulCamper RC owners, travellers and team members to the global Camplify community. As a group we share the vision of creating van life for all.”
PaulCamper CEO and Founder Dirk Fehse said: “The PaulCamper team, shareholders, and myself are excited about this new opportunity to work alongside Camplify.
In 2019, Justin and myself met and discussed our shared vision and desire to create a community of RV owners globally who have the passion to share their RVs.
As a business who has secured key markets in Europe, PaulCamper is pleased to take this next step and be a part of a global public company on the journey with Camplify.”
Camplify reports this acquisition positions the company to become a key leading European Peer-to-Peer (P2P) business with critical mass and scalability, securing the ‘largest’ market in Europe, Germany.
In total, the company will now have over 22,000 RVs listed for rental and an annual pro-forma Gross Transactional Value (GTV) of over $111 million for FY22, which positions Camplify as one of the largest RV rental marketplaces globally.
Founded in Australia, Camplify is one of Australia’s leading P2P digital marketplace platforms connecting RV owners to hirers. The company also operates in the UK, New Zealand and Spain.
Camplify states it has built a platform that delivers a seamless and transparent experience for consumers and potential RV hirers to connect with RV owners and SMEs with a fleet of RVs, and a wide variety of caravans and campervans available on Camplify.