This is already the second change of ownership for Aboalarm: Founded in 2008 by Bernd Storm, organizer of the startup conference Bits & Pretzels, and Stefan Neubig Pursue was launched at the end of 2017 by the Prosiebensat1 subsidiary Verivox acquiredNow the Berlin-based company Volders has acquired its Munich-based competitor. No details of the purchase price have been disclosed.
“Aboalarm is a perfect fit for Volders”
The two previous competitors offer their customers convenient cancellation of existing contracts and were thus direct competitors. Together, the two companies send out over 110,000 cancellations per month, generating annual revenue in the double-digit million range and operating profitably. Volders' next step is to launch new products for its customers and accelerate its growth. Following the acquisition, the company will have more than 50 employees.
Jan Hendrik Ansink, founder and CEO of Volders, says:
"Aboalarm is a perfect fit for Volders, and the acquisition underscores our stated goal of becoming the leading cancellation service in the German-speaking market. We see significant synergy potential in bringing together the experienced teams, strong brands, and established products of both companies. This acquisition is therefore an important step for our continued organic and inorganic growth. We are consolidating the German cancellation market and will launch additional products related to consumers' personal finances."
