Aduno Group acquires SmartCaution
Zurich, 4 July 2016
The Aduno Group is acquiring SmartCaution SA, a company active in Western Switzerland. This acquisition will strengthen its position in the deposit guarantees market. SmartCaution will continue to use its own name in the market, and there will be no change for its clients. All SmartCaution employees will be retained.
With effect from the start of July 2016, cashless payment specialist Aduno Group is taking over SmartCaution SA, which is active in Western Switzerland, above all in the greater Geneva area. The Aduno Group already offers guarantees for rental deposits via its subsidiary AdunoKaution AG. These are a modern, cost-effective alternative to traditional bank deposits. This takeover will allow the Group, which is mainly active in German-speaking Switzerland, to diversify its business geographically and expand its presence in Western Switzerland. The acquisition also represents a significant step in the implementation of the Group’s strategy of establishing itself as a provider of rental deposit guarantees throughout Switzerland. All SmartCaution employees will be retained.
Martin Huldi, CEO of the Aduno Group, said, “We see considerable potential in our collaboration with SmartCaution. Integration of SmartCaution into the Aduno Group will enable us to combine the experience of an established company focused on professional real estate investors and managers with the flexibility of AdunoKaution and the expertise of the entire Aduno Group. We look forward to working together with the SmartCaution team.”
Further information is available at www.aduno-gruppe.ch