Berlin-based HomeToGo, a metasearch engine for vacation rentals worldwide, has agreed to acquire Interhome from Switzerland-based retail giant Migros.

HomeToGo said a purchase price in the "low three-digit million range in Swiss francs" is expected, which includes deferred payments, but a "definitive share purchase agreement has not yet been signed."

PhocusWire first reported that HomeToGo and Migros were in talks last October.

Interhome is a subsidiary of the Hotelplan Group and HomeToGo said it is Europe's second largest vacation rental management company with about 40,000 vacation rentals in 28 countries, with exclusive management of most of them.

In a statement announcing the deal, HomeToGo said the acquisition would "expand its portfolio of software and tech-enabled service solutions across the entire host-to-guest value chain."

The company said the acquisition of Interhome will improve its profitability and free cash flow generation, with an estimate of 2024 IFRS [International Financial Reporting Standard] revenue of more than €330 million.

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Founded in 2014, HomeToGo's marketplace has more than 15 million rentals from thousands of partners around the world. In 2023 the company began offering B2B software and services such as subscriptions to partners through HomeToGo Pro, and it has been developing and deploying artificial intelligence solutions, such as "Super AI Sunny," a trip planning tool.

HomeToGo said this would be its "most significant" acquisition to date. In December 2023, it acquired 51% of short-break specialists KMW Reisen and Super Urlaub, and the year prior it acquired a number of companies including Amivac in January and eDomizil in March.