10 October 2014

Wahanda acquires German equivalent Salonmeister

European hair and beauty marketplace Wahanda has acquired Salonmeister, its German equivalent. The acquisition comes after Wahanda raised a further $26 million in growth-funding from RGIP, Fidelity Growth Partners and Lepe Partners this year. Salonmeister, based in Berlin and founded two years ago, is the leading hair and beauty booking platform in Germany, Austria and Switzerland with over 1,000 spa and salon suppliers. It operates in over 15 cities and is generating in excess of 20,000 bookings per month. As part of the deal, current Salonmeister CEO Louis Pfitzner will continue to run the business along with co-founders Phillipp Rechberg and Nils Griess-Nega. The two businesses will eventually be integrated into a single global platform. The move is part of a long-term European expansion push by Wahanda, and reinforces the company’s position as the leading marketplace of its kind in Europe. Lopo Champalimaud, CEO at Wahanda said: “Acquiring Salonmeister is the first step in our long-term plan to expand the business across Europe. Salonmeister immediately struck us a company that shares the same values as Wahanda - in particular an uncompromising dedication to great customer service, day in day out, with industry-leading software. The German hair and beauty marketplace is a vibrant and exciting one, and is enjoying similar growth opportunities to the UK.”

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