The French price comparison site for contractors Renowizz will be acquired by its Belgian competitor Bobex.
Bobex, the Belgian comparison site for quotations for construction and renovation companies is making an acquisition. It takes over its French competitor Renowizz. Bobex thus strengthens its leading position in Belgium.
CEO and founder Jean-Louis Van Marcke wants to make more acquisitions in the coming years. ‘We want to double in turnover within four years. In Belgium, but also abroad – think of the Netherlands – we want to gain market share. 90 percent of construction sales come from word of mouth. So there is still a lot of potential for online sales. The group that has found its way to online platforms and quotation comparators will grow strongly in the coming years. ‘ Bobex also wants to grow organically. It plans to sell home batteries and blinds soon.
The company was under pressure this year due to corona. Nevertheless, turnover remains stable at 5.5 million euros. ‘Next year’s budget again provides for an increase of 15 percent,’ says Van Marcke. ‘That is our average annual growth over the past 10 years. Corona increased consumer demand and the number of companies on our platform decreased for a time. The end consumer was more at home, had more time and some could save and spend more on renovations. ‘