French startup Malt is acquiring Comatch, a competing marketplace focused on consultants and industry experts. Comatch was founded in Germany and with this acquisition; Malt is doubling down on the German market.
Comatch and Malt are similar in structure; however Comatch focuses on management consultants and industry specialists. Malt hasn’t explicitly targeted business consultants and is branching out into the new industry with the acquisition.
Malt aims to achieve €1 billion in business volume as a result of this transaction. By the end of 2022, Malt intends to hire another 150 people.
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