Adevinta Spain has acquired Madrid-based real estate CRM provider Witei. Financial terms were not disclosed. 

Founded in 2018, Witei has seven employees and will continue to operate autonomously, according to a press release from Adevinta Spain. 

Adevinta Spain is a marketplace horizontal that operates real estate marketplaces Fotocasa and Habitaclia. The former is the second-largest property site in the country, behind Idealista but ahead of Grupo Vocento’s Pisos.com. 

Román Campa, CEO of Adevinta Spain and head of real estate and emerging verticals at Adevinta, commented: “Our M&A team is constantly attentive to the latest trends in the market in search of companies whose products or functionalities add to the value chain of our businesses.”

“With the incorporation of Witei to our portfolio, we expand the service offering of our real estate vertical by making technological solutions available to all real estate agencies in Spain that optimize the management of their businesses. ”

Related Articles