The new group of companies creates one of the largest digital companies in Switzerland. The TX Group brings in the platforms Ricardo, Tutti, Homegate and Car For You.
Ricardo, Tutti, Homegate, Car For You as well as ImmoScout24, AutoScout24, FinanceScout24 and Anibis will be under one roof in the future.
By merging the platforms, the new company will become one of the largest digital providers in Switzerland.
“It’s a big step for everyone involved,” says TX President and publisher Pietro Supino.
The TX Group, Ringier, Die Mobiliar, and General Atlantic will work together with a joint venture in the future. The four companies announced this on Tuesday morning. In doing so, they are founding one of the largest digital companies in Switzerland. All parties involved have minority interests in it: TX with 31 percent, Ringier and Mobiliar with 29.5 percent and General Atlantic with ten percent. All shareholders each hold 25 percent of the voting rights. The group of companies is independent and is pursuing an IPO as a medium-term goal.
The TX-Markets platforms Ricardo, tutti.ch, Homegate and Car For You will be brought into the joint venture by TX Group. Ringier and Mobiliar are participating with Scout24 (ImmoScout24, AutoScout24, FinanceScout24 and Anibis). The global growth investor General Atlantic supports the group with its expertise in the field of digital marketplaces.
Lothar Lenz, who is currently chairman of the supervisory board of Home 24 SE, deputy chairman of the supervisory board of TAG Immobilien AG and a member of the supervisory board of Dermapharm SE, will be chairman of the company’s board of directors. The Board of Directors will continue to include: Jörn Nikolay, Olivier Rihs, Michèle Rodoni, Pietro Supino and Marc Walder.
“The fruit of a long process”
“Our partnership with General Atlantic, Mobiliar and Ringier is the result of a long process,” says TX President and publisher Pietro Supino. “It is a big step for everyone involved, which shows a promising, digital perspective for Switzerland as a business location in the increasingly international competition.”
And further: “We are convinced that by merging our strong marketplaces we will promote their further growth. The decisive prerequisite for further successful development is increasing the relevance of our services for users. In this way, we can also offer our business customers more efficiency. Together we can expand our investments in product development and our attractiveness as an employer. “
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