Canopy has completed the acquisition of The Lettings Hub for an undisclosed fee.
Under the terms of the deal, both brands will continue to operate independently while integrating the best elements of each company’s technology to enhance one another’s offerings. This purchase unites two major PropTech suppliers and marks a significant milestone in advancing their shared vision of delivering an improved rental experience for tenants, landlords, and letting agents across the UK.
The acquisition will allow both brands to offer a broader range of enhanced propositions for agents and renters, with both businesses benefitting from synergies across their product, data, and technology capabilities.
Heidi Shackell commented: “The Lettings Hub team has worked tirelessly over the past 12 years to deliver fantastic lettings technology and products to our clients.
“I’m incredibly proud of what we’ve achieved & the strong relationships we’ve built, and I’m also enormously grateful to every client that has used our services, every employee who has been a part of our growth journey, and to our shareholders for their unwavering support. Now we’re ready for our next chapter, and moving forward alongside Canopy, who we have already built a successful partnership with, we will capitalise on the strengths of both brands to deliver even greater value to the lettings sector.
“With 2025 set to be a transformative year for the lettings market, my focus remains firmly on guiding our business to meet the evolving needs of letting agencies, particularly as Renters’ Rights legislation takes shape, over the next 12 months”
Chris Hutchinson added: “For both businesses, this deal represents a transformative opportunity. Together, we now support over 2,500 letting agent clients, and our combined resources allow us to expand our integrated services beyond what either of us could achieve individually. By uniting our cutting-edge technologies and shared passion for innovation, we’re in a stronger position to deliver for tenants, landlords, and letting agents alike.”
Read the orginal article: https://propertyindustryeye.com/canopy-acquires-the-lettings-hub/
