25/10/2022

25 October 2022
25 October 2022, Comments Comments Off on Camplify to acquire PaulCamper, Germany’s peer to peer RV rental marketplace
Camplify to acquire PaulCamper, Germany's peer to peer RV rental marketplace

Camplify, one of Australia’s leading peer-to-peer (P2P) digital marketplace platforms connecting recreational vehicle (RV) Owners to Hirers, is acquiring PaulCamper, the operator of Germany’s leading peer to peer RV rental marketplace, and raises A$8.5m to fund growth initiatives, including expansion of the global insurance business

This acquisition will accelerate Camplify’s expansion into Europe and transform Camplify into a leading global player in the RV rental market.

PaulCamper founder and CEO, Dirk Fehse, will stay on as Head of Camplify’s European operations to continue to grow the strong business they have built in the European market

This Acquisition facilitates a beachhead entry into the European market, positioning Camplify as a rental marketplace operator in seven countries throughout Australia, New Zealand, Spain, the UK, the Netherlands, Germany and Austria. It provides Camplify with the opportunity to integrate existing, higher margin in-house insurance products globally, improving insurance position and enabling a clear pathway to seek regulatory approval. There is also the potential for revenue and cost synergies to be realised through product integration and scale of the combined business, accelerating Camplify’s pathway to profitability.

Camplify CEO and Founder Justin Hales commented: “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.”

PaulCamper CEO & Founder Dirk Fehse commented: “The PaulCamper team, shareholders, and myself are excited about this new opportunity to work alongside Camplify. In 2019 Justin and myself met and discussed our shared vision and desire to create a community of RV owners globally who have the passion to share their RV’s. As a business who has secured key markets in Europe, PaulCamper is pleased to take this next step and be a part of a global public company on the journey with Camplify.”

Founded in Australia, Camplify is one of Australia’s leading peer-to-peer (P2P) digital marketplace platforms connecting recreational vehicle (RV) Owners to Hirers. Now with operations in the United Kingdom, New Zealand, and Spain, Camplify has built a platform that delivers a seamless and transparent experience for consumers and potential RV Hirers to connect with RV Owners and SMEs with a fleet of RVs. A wide variety of caravans and campervans are available on Camplify.