Following a strategy review and focus on three investment areas (consumer fintech, productivity, digital entertainment), it was concluded that TX Group was no longer the perfect owner for Olmero, Samuel Hügli, head of technology & ventures at TX Group, was quoted as saying in a statement Monday.

On Friday, TX Group already announced the divestment of the shares in the Danish Trendsales. The second-hand fashion platform caused TX Group an unscheduled write-down of around CHF 18 million.

Olmero was created as an ETH spinoff for the digitization of the construction industry and, according to the company, mediates construction volumes on the Olmero platforms of around CHF 5 billion per year.

The Byggfakta Group employs around 600 people in Sweden, Denmark, Norway, Finland, the Czech Republic, Portugal and Spain, according to the statement. (SDA)

The marketplace digitally generates 40,000 tradesperson requests each year, Swisscom Directories announced Tuesday. Localsearch will continue to improve the platform and expand the range of offers for customers.

TX Group, on the other hand, is now focusing entirely on B2B growth business with its Olmero platform, the statement added. (SDA)

With a fresh and dynamic appearance, the brand wants to consistently expand its market position. The new website is designed to give players in the Swiss construction industry a better overview. To this end, the navigation has been greatly simplified and intuitively designed. The rejuvenated appearance should now provide an optimized and faster insight into Olmero's services and products.

The logo in revised spelling was visually adapted and now appears lighter and more modern. It was important to the company that the new logo is an evolutionary development of its predecessor to ensure recognition value.

However, he will be available to Olmero for some time to accompany the transition. Around 16 years ago, Olmero was founded jointly by Markus Schulte and Oliver Behnen as a spin-off from ETH Zurich.

"I am very pleased to take on the role of CEO, even though I have always greatly appreciated working with Oliver Behnen," says Markus Schulte. The previous CEO Oliver Behnen explains: "Now that the completion of the integration of Olmero into Tamedia is foreseeable, I find the timing ideal to say goodbye to a well-positioned company around a great team after around 16 years."

Olmero offers Internet-based solutions for the Swiss construction industry and employs a total of around 80 people at locations in Zurich, Glattbrugg, Basel, Puidoux and Neuss, Germany. Olmero is part of the leading private Swiss media group Tamedia.

The management of the Swiss media group Tamedia, which holds a majority stake in Olmero, thanks Oliver Behnen for his cooperation and commitment and wishes Markus Schulte every success in his new duties.