Dubai: On-demand workspace booking platform Hotdesk has acquired Barcelona-based co-working app Yado, it announced on Tuesday, marking the company’s expansion into Europe.
The acquisition will enable Hotdesk -- which is seeing over 10,000 monthly bookings in a year since its inception – to increase its footprint in key markets.
Yado has been operating since 2019, and charts over 100 co-working spaces across major cities in Spain, including Barcelona, Madrid, Valencia, Sevilla, Granada, Málaga and Bilbao.
Commenting on the acquisition, Mohamed Khaled, Co-Founder and CEO of Hotdesk, said: “With Dubai as our home-base, Hotdesk was always designed to become a global play. The coworking scene and hybrid work adoption in Spain is strong, with a range of young professionals ranging from freelancers to creatives, SMEs to flexible enterprise.
“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, said: “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.”