Arne Eivind Andersen [Credit: Sharebox]

Sharebox finalises friendly acquisition of Hoard

Norway: Norwegian key exchange startup Sharebox has completed a friendly acquisition of Berlin-located Hoard.

The firm’s message is about making key exchange simple and it is in the process of expanding its exchange network across the central European region. The rapidly expanding key exchange platform will now be operating in seven European countries.

Founded in 2016 by Arne Eivind Andersen and Leif Arne Dalane, Sharebox has quickly built up a strong user base across Scandinavia, in Norway, Denmark and Sweden respectively, with further expansion underway. The Hoard takeover will expedite growth and improve the check-in and key sharing user experience in the European region by integrating Sharebox’s connected key exchange technology.

Sharebox pioneered the connected key exchange marketplace three years ago with its Sharebox online cabinets. Its technology enables Airbnb hosts and their guests to share keys and do check-in using their smartphone, making key sharing in short-term rentals accessible to more people at any time of day.

In a move that Sharebox claims to be unique in the space, a dedicated team has engineered and improved hardware and software over two product generations to become one of the leading key sharing technologies in safety, reliability and security.

Sharebox are now in the process of recruiting people in business development, sales and customer service roles in Berlin. The new team will join the company to continue current Hoard operations and re-brand the European network to Sharebox including further expansion in the region.

For more information, visit the Sharebox website here and the Hoard Key Exchange website here.

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