Australian RV rental company Camplify has acquired Germany’s peer-to-peer RV rental marketplace PaulCamper to further global expansion. The company operates in Australia, New Zealand, Spain, the UK, the 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 to optimize and look for expansion opportunities as a group.
“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.”
PaulCamper founder and CEO Dirk Fehse will remain with the company as head of European operations.