EQS-News

Brockhaus Technologies AG: Subsidiary Bikeleasing acquires software company Probonio, paving the way for a digital multi-benefit platform - Seite 2

The range of solutions offered by Probonio ideally complements Bikeleasing's already very successfully established company bike leasing product. Bikeleasing is thus meeting the wishes of numerous customers to be able to obtain additional benefits via the fully digitalized platform in addition to company bikes. Following the planned integration of Probonio in the near future, the company, which is based in Uslar, Lower Saxony, will be able to offer this expanded range of products to all of its now around 62,000 corporate customers and the approximately 3.4 million employees behind them. With the help of the user-friendly software solution offered by Probonio, Bikeleasing is also convinced that it will be able to achieve a noticeably higher penetration rate among its existing corporate customers than before.

Transaction to further support the already dynamic and highly profitable growth of Bikeleasing

Following the full integration, BKHT and Bikeleasing expect the transaction to have a significantly positive effect on the Group's future growth potential, beyond the topic of company bike leasing and across regional borders. The broad portfolio of employee benefits paired with a highly scalable SaaS business model will enable Bikeleasing to also penetrate those regional markets in the future, where company bike leasing is not yet possible.

Bikeleasing, which forms the Financial Technologies segment at Brockhaus Technologies, achieved organic revenue growth of +37% to €146.2 million and growth of +44% in adjusted pro forma EBITDA to €63.1 million in 2023. The adjusted pro forma EBITDA margin thus increased from 41.2% to 43.1%.

The number of newly leased company bikes increased by +28% to around 151,000. In addition to strong growth in its core market of Germany, Bikeleasing has already won around 2,300 corporate customers in Austria by the end of 2023. For the coming years, the company expects increasingly positive effects from last year's acquisition of its former sales agencies, further improved market penetration with a continuously rising number of corporate customers and an increase in usage rates among existing customers. In addition to the growth resulting from the aforementioned additional employee benefits on the platform, the internationalization of the business beyond Germany and Austria is also to be driven forward.