Australian firm Equiem, which offers tenant services for office buildings, said Wednesday it acquired SpaceOS, a European company for workplace management software, in a deal that adds Hitachi as a partner and strong German backing at a time remote work has made it more complicated to manage office space.
The deal, whose terms were not announced, will provide capital for further acquisitions and the integration of Dublin- and Warsaw-based SpaceOS to Equiem's tenant experience-focused platform.
"Landlords really need to provide services now well beyond just the four walls and windows," said Gabrielle McMillan, chief executive of Equiem. The deal will allow Equiem to better serve operators of "flex" space, a fast-growing leasing concept to meet tenant demand for flexible leases that also is known as space-as-a-service.
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