Helpling acquires operational business from Tiger Facility ServicesBerlin, 19.12.2019
Berlin, 19.12.2019: Helpling, Helpling, Europe's leading online marketplace for home services, today announced the acquisition of the operational business of Tiger Facility Services (formerly "Book A Tiger"). Helpling acquired the Swiss business of its former competitor already in October 2018, since then the two companies have been working closely together. Leading investors of Tiger Facility Services are also investing in Helpling as part of the acquisition.
The acquisition of the operational business of Tiger Facility Services marks the end of an eventful year for Helpling. After achieving profitability in all countries, further investment and the expansion of its range of services to include other household-related services, the company is now expanding into the B2B segment.
Philip Huffmann, co-founder of Helpling, says: "Having become profitable in the B2C business, it is now the next logical step for us to focus on the numerous opportunities in the field of professional office cleaning. Tiger Facility Services is the perfect partner for us. Having started out as a direct competitor, we have been exchanging ideas more and more over the past few years and have appreciated the cooperation since the successful takeover of the Swiss business last year. I am particularly pleased that we were also able to inspire the leading investors of Tiger Facility Services with our vision and secure additional investment.”
Alex Frolov, General Partner & CEO of Target Global: “"As an international investor, we are delighted to become part of the high-caliber investor community and to support the company in its future growth strategy."
Ulrich Lewerenz, co-founder of Tiger Facility Services: "After the successful start in Germany, it is an amazing opportunity for us to focus now on rolling out the Tiger Facility Services business model in the markets where Helpling is already established.”
Helpling and Tiger Facility Services both launched in Germany in spring 2014 with a focus on curating the domestic cleaning market. In its early years, Tiger Facility Services was known as "Book A Tiger" - this changed in the summer of 2018 when the company changed its brand name and since then has focused entirely on the B2B segment.
Helpling GmbH und Co. KG
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