The MD and Co-founder of leading property repairs and maintenance platform Fixflo has left the firm three years after it was sold to German software giant Aareon.

Rajeev Nayyar (main picture) announced “that’s a wrap” and he was handing over the reins to Aareon MD Rachael Baig.

Independence dissolving

When Fixflo was bought by Aareon the combined company said Fixflo would continue to operate as an independent entity.

Nayyar and Co-founder Duncan Careless, together with the whole Fixflo executive team, remained with the business.

But now that independence appears to be dissolving with Baig taking over.

That’s a wrap…it’s time to move on.”

“That’s a wrap…After 12 years going from a startup in a basement to part of the management of Europe’s leading SaaS PropTech it’s time to move on,” Nayyar says on his LinkedIn profile.

“As the next leg of the race starts, it’s the right time to hand the baton over to Rachael Baig and I look forward to cheering on from the sidelines as she and the amazing Aareon Group team in the UK carry on delivering for customers,” he says.

Harry Thomsen, CEO of Aareon Group, says: “We sincerely thank Raj for his leadership and efforts in bringing together all our UK businesses to operate as one as well as laying solid foundations for future growth and innovation.

“As we move forward, we’re excited to be working with Rachael in leading Aareon through its next stage of development in the UK market.”

Agreement signed

Mainz-based property software firm Aareon signed an agreement with London-based Fixflo to buy 100% of its share capital for an undisclosed sum, as part of a plan to buy up leading digital suppliers of services to the UK market.

At that time in 2021, Fixflo was used to manage approximately 1.2 million property units on behalf of 1,500 clients.