UAE – Mubasher: UAE’s Hotdesk, the global on-demand workspace booking platform, has acquired Spain-based co-working app YADO in line with its expansion plans across Europe, according to a press release.
The transaction comes within the framework of a series of key announcements set for 2023, as Hotdesk seeks to foster its presence in the West.
The acquisition will also enable the Dubai-based company to scale up its footprint in major markets worldwide and boost its provision of hyper-local experiences for its users.
During its first months of operation, Hotdesk registered 15 bookings, increasing to more than 10,000 monthly bookings over one year since inception.
The Barcelona-born app has been running its business since 2019, with more than 100 co-working spaces across main cities in Spain, including Barcelona, Madrid, Valencia, Sevilla, Granada, Málaga, and Bilbao.
Mohamed Khaled, Co-Founder and CEO of Hotdesk, stated: “The co-working scene and hybrid work adoption in Spain are strong, with a range of young professionals ranging from freelancers to creatives, SMEs to flexible Enterprise.”
Khaled added: “Together, our core focus will be to infuse hyper-local Spanish DNA into our game, especially looking at the growth potential of both Spain and other Spanish-speaking markets as we grow across the globe.”
Anna and Cris, Co-Founders of YADO, indicated: “Working remotely is the future, and this is a very interesting moment to join forces with an international company like Hotdesk to help expand the reach across Europe in particular.”
“The market has turned on its head over the last few years, and now there is more demand than ever before for flexible working options,” the co-founders concluded.