In a move strengthening its position in the real estate experience sector, HqO, the global leader in real estate experience in UK, has announced the acquisition of Symbiosy, a workspace technology developed by international workspace provider HB Reavis. Symbiosy, renowned for its smart building solutions involving systems integrations, IoT, and software interfaces, will play a pivotal role in HqO’s expanding occupier business, particularly in European business hubs like London, Berlin, and Warsaw.
This acquisition follows HqO’s recent Series D funding of over $50 million and the launch of its Real Estate Experience (REX) Platform. The strategic partnership ensures continued support for HB Reavis’ global customer base, with HqO powering the workspace provider’s portfolio.
Chase Garbarino, Co-Founder and CEO at HqO, emphasized the alignment of Symbiosy with their vision, stating, “By combining HqO’s REX Platform with Symbiosy’s expertise in creating intelligent workspaces, we are reshaping the future of real estate experiences.”
Symbiosy’s cutting-edge smart office technology provides tools for employee experience, data management, and visualization, enhancing workplace experiences and performance. Marcel Sedlak, CEO of HB Reavis, highlighted the partnership’s focus on well-being, stating it will provide enhanced services to existing Symbiosy customers.
Tibor Nyitray, Head of Symbiosy, sees the collaboration as an opportunity to introduce their combined product offerings to a broader audience, promoting the advantages of smart building technology, hybrid work support, energy optimization, and tenant engagement.
This marks HqO’s third acquisition in two years, following the acquisitions of Leesman in June 2022 and Office App in November 2021.
About HqO:
HqO is at the forefront of transforming the real estate experience, with its REX Platform driving operational excellence across 700 properties in 32 countries.
About Symbiosy and HB Reavis:
Symbiosy, created by HB Reavis, assesses space utilization and indoor environment quality to facilitate excellent workspace management. HB Reavis, operating across five countries, focuses on enhancing well-being and productivity through its people-centric workspace design.
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By Proptechbuzz
By Ravi Kumar