Global asset management platform Architrave has acquired Arex, a North American-based proptech company that creates software solutions to simplify transactions, valuations and commercialisation processes in real estate.
Financial details were not disclosed.
Arex founders Miguel Linera Alperi and Pablo Garnica will join the Architrave team. The pair launched the company in 2019 and have since achieved success in Canada, Spain, and the UK.
Arex’s international presence significantly increases Architrave’s reach into new markets, where they aspire to build upon their achievements in the DACH region and the UK.
Arex, which is trusted by Colliers and has recently been awarded with the CBRE Valuations challenge, strengthens Architrave’s already strong list of customers including Segro, abrdn, Deka and BNP Paribas.
Said Maurice Grassau, CEO and founder of Architrave: 'Firstly, I want to extend a very warm welcome to Miguel, Pablo, the entire Arex team, and their shareholders and clients. It’s great to have you onboard - we’re going to do fantastic things together.
'In acquiring Arex, we’ve significantly extended the reach of the Architrave ecosystem, offering two new value-driven products to our customers as well as serving clients in Spain, Canada and London.'
Founded by Grassau in 2013, Architrave achieved significant success in the DACH regions, and has begun to bring its document automation and standardisation to international markets.
Said Arex co-founder Alperi: 'Being acquired by Architrave gets us closer to our goal of creating the largest digital ecosystem in the real estate industry.
'The extraordinary technology, leadership team and the talent Architrave has makes us confident this partnership will be a success for both companies, our clients and the industry as a whole.
'We’re looking forward to strengthening our offer and bringing our asset management solutions to a global audience.'
Added Garnica: 'This deal evidences both that a crucial job must be done in Europe—and our willingness to fulfil it. Our shared focus and joint capacity for execution will launch us to better deliver the proptech our clients deserve.
'This is the culmination of years of hard work and continued support from many people - to them we owe our gratitude.'