Needhelp was acquired by the Britsh company Kingfisher for €10M

Kingfisher plc, a London, UK-based home improvement retailer, announced that it has acquired NeedHelp, the Paris, France-based home improvement services marketplaces.

The deal was made for a total cash consideration of €10 million ($12M). As part of the transaction, Guillaume de Kergariou, the founder of NeedHelp, has reinvested proceeds from the sale in a 20% interest in the business, resulting in Kingfisher owning 80%. Guillaume de Kergariou will continue as CEO to lead the team and grow the business.

NeedHelp, founded in France in 2014 by Guillaume de Kergariou, built a B2B2C online platform that connects customers who need home improvement help, either in-store or online, with vetted professional tradespeople and other skilled experts.

While most of its business is currently in France, NeedHelp also operates in Switzerland and has recently expanded into Germany, Belgium, Austria, and the Netherlands. Through its open architecture, NeedHelp already provides its services to customers in more than 500 stores including Kingfisher’s French businesses, Castorama and Brico Dépôt, as well as to a growing number of leading home improvement retailers.