Canopy has officially completed the acquisition of The Lettings Hub for an undisclosed sum, marking a significant move in the property technology sector. Both brands will continue to operate independently, while integrating key aspects of their technology to enhance each other’s offerings. The deal represents a major step forward in delivering an improved rental experience for tenants, landlords, and letting agents across the UK.
Integration to enhance agent and tenant experience
The acquisition will enable both companies to offer an expanded suite of services, benefiting from shared expertise in technology, data, and product innovation. By leveraging synergies between their platforms, Canopy and The Lettings Hub aim to provide an enhanced and streamlined experience for letting agents and renters alike.
Heidi Shackell, CEO of The Lettings Hub, reflected on the company’s journey: “The Lettings Hub team has worked tirelessly over the past 12 years to deliver fantastic lettings technology and products to our clients. I’m incredibly proud of what we’ve achieved & the strong relationships we’ve built, and I’m also enormously grateful to every client that has used our services, every employee who has been a part of our growth journey, and to our shareholders for their unwavering support. Now we’re ready for our next chapter, and moving forward alongside Canopy, who we have already built a successful partnership with, we will capitalise on the strengths of both brands to deliver even greater value to the lettings sector.”
Looking ahead to a transformative year
Shackell highlighted the significance of the acquisition in light of upcoming regulatory changes: “With 2025 set to be a transformative year for the lettings market, my focus remains firmly on guiding our business to meet the evolving needs of letting agencies, particularly as Renters’ Rights legislation takes shape, over the next 12 months.”
Chris Hutchinson, CEO of Canopy, also emphasised the importance of the deal: “For both businesses, this deal represents a transformative opportunity. Together, we now support over 2,500 letting agent clients, and our combined resources allow us to expand our integrated services beyond what either of us could achieve individually. By uniting our cutting-edge technologies and shared passion for innovation, we’re in a stronger position to deliver for tenants, landlords, and letting agents alike.”
Strengthening the lettings sector through innovation
With this acquisition, Canopy and The Lettings Hub are positioned to provide letting agents with more efficient, tech-driven solutions in a rapidly evolving market. Their combined expertise aims to support the sector by improving processes and ensuring compliance with upcoming legislative changes. The collaboration signifies a step forward in modernising the rental experience while reinforcing the crucial role of letting agents in the UK property market.
