LatAm List – Architonic, a curated product database for architecture and design, recently acquired ArchDaily, an architecture news website headquartered in Chile. The deal is worth approximately $10.85M (€10M).
This strategic alliance will help the companies consolidate their market position by cross-leveraging their expertise in an ambitious plan for growth and innovation.
“Founded by architects for architects, ArchDaily and Architonic share the same DNA, providing the perfect fit in terms of both mission and culture,” said Architonic CEO Stephan Bachmann.
Architonic maintains a list of around 400,000 design and architectural products. The Zurich-based platform was bought by Swiss media group NZZ in 2015 which acquired the remaining share in March this year.
“Under our new umbrella, we will continue to operate as two sister platforms, doing what each of us does best, but with a stronger collaboration. Each with its own website, brand, focus, and mission, as it is today,” said David Basulto, Founder and CEO of Arch Daily, in a post.
ArchDaily has Latin America websites publishing in Spanish, Portuguese, and Mandarin alongside its main website.