Camplify to acquire German company PaulCamper

Australian RV rental company Camplify has reportedly entered an agreement to acquire Germany’s leading peer to peer RV rental marketplace PaulCamper. The deal will help Camplify continue its global expansion – it is already a rental market operator in countries including Australia, New Zealand, Spain, the UK, Netherlands, and Austria. As part of the acquisition, Camplify will acquire the PaulCamper Insurance Broking division. PaulCamper Insurance Broker GmbH (PCIB) allows PaulCamper to operate as an insurance broker to customers in its current European markets.

Camplify CEO and founder, Justin Hales, said: “This acquisition delivers Camplify a strategic and targeted growth opportunity in Europe, securing the largest key market, Germany. It provides Camplify with an excellent team of digital marketplace professionals based in Europe, allowing us as a group to optimise and look for expansion opportunities.

“I am extremely impressed by the PaulCamper operation, and excited by the ability these transactions provide us to build our business and accelerate our pathway towards cashflow positive position and profitability with significant ability to grow revenue through vertically integrated products”

“We welcome PaulCamper RV owners, travellers, and team members to the global Camplify community. As a group we share the vision of creating van life for all.”

Originally reported by Business News Australia and NewsnReleases.