Love Home Swap acquires Dutch rival HomeForExchange
Startups 100-listed home swapping company will use the deal to expand portfolio to 100,000 properties
Home swapping company Love Home Swap, featured among the top 100 start-ups of 2014, has acquired Dutch competitior HomeForExchange to expanding the number of properties offered on its site to over 100,000.
Founded by Debbie Wosskow in 2011, Love Home Swap enables users to swap and rent properties either directly with the owner or through a points system where credits can be earned and cashed in.
Following the acquisition of Canadian competitor 1stHomeExchange in 2013, the business currently features more than 80,000 properties in over 160 countries around the world.
The deal marks the start of a number of acquisitions planned for 2016. Earlier this year, the company announced a strategic partnership with Wyndham Worldwide to help fuel international expansion.
Wosskow commented: “We’re delighted to welcome HomeForExchange to the Love Home Swap family. They’ve built an impressive community of swappers over the past few years, particularly across mainland Europe.
“We have ambitious plans to expand the business globally and expect today’s deal to be one of a number of acquisitions we’ll make over the next 12-18 months.”