Vacation rental marketplace HomeToGo has appointed Bodo Thielmann to the newly created role of chief investment director.
He joins after leading Destination Solutions and will oversee HomeToGo’s strategy to acquire and integrate companies.
The Germany-based company made a string of acquisitions in 2022 including AMIVAC in January and e-domizil in March. The company later acquired the remaining 81% stake in SECRA.
Prior to joining Destination Solutions, Thielmann was chief financial officer at OYO Vacation Homes. He also previously worked for Axel Springer Group in a number of roles including head of new investments.
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“Bodo brings an inimitable and rare combined expertise of both investments through M&A and operational experience in the vacation rental industry, including extensive knowledge of our unique business model," said Patrick Andrae, co-founder and CEO of HomeToGo. "Our targeted M&A activity has always underlined a strategy of selectively acquiring and scaling healthy, profitable businesses that contribute directly to our operational and financial performance. With multiple value accretive acquisitions in 2022 and a resulting post-merger integration focus that we’ve completed in 2023, Bodo will be instrumental in fueling our targeted inorganic growth in the future.”
Said Thielmann, “In my years of partnering with HomeToGo we have always united on the common goal of delivering an incredible experience for our travelers and key customers on the supply side and driving resilient and strong performance together. In this new chapter, I look forward to building on their already significant profitable growth trajectory through selective and value accretive M&A and helping to grow their global footprint within our industry.”
HomeToGo has made no secret of its desire to grow further through acquisitions with CFO Steffen Schneider signaling earlier this year that the company is on the lookout for profitable businesses at a good price.