UPDATE 1-ProSieben e-commerce arm buys control of Aroundhome [Reuters]
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Source: Reuters
ProSieben e-commerce arm buys control of Aroundhome | Reuters 3 Min Read FRANKFURT (Reuters) - German media group ProSiebenSat.1 Media’s ( PSMGn.DE ) e-commerce arm NuCom is buying control of Aroundhome, an online broker for home services and products, in a deal valued at 140 million euros ($161 million). The investment represents a bet on taking the lead in the German-speaking region to help people searching for a company to put a solar panel on their roof, install a new kitchen or fix their central heating. “We see a huge market potential in Europe,” Aroundhome founder and CEO Robin Behlau said in an interview, adding home spending in Germany, Austria and Switzerland was worth more than 65 billion euros a year. Aroundhome, previously called Kaeuferportal, says it has achieved average revenue growth of 35 percent a year since 2014. It has just rebranded and launched a promotional campaign that includes advertising on ProSieben’s stable of TV channels. The deal will ensure NuCom, an
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