Purplebricks recently stated that it is considering acquisitions in Europe, and in particular Germany. But, it seems that the company is not in any great hurry.
Michael Bruce, CEO of Purplebricks stated that the business is shooting to repeat its recent deal in Canada when it acquired an existing online estate agent DuProprio/Com Free.
Bruce further added that Purplebricks does not intend on launching from scratch into any new market just yet and that the company is more interested in an acquisition than “putting some troops on the ground,” at this stage.
Bruce said: “We’re not directly touting but it’s clear that people know us and the brand, and what we’re trying to achieve.
“We know who’s doing okay in these markets and we’re observing them.”
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