K1 Backs Merger of Singu and Micad for AI-Powered Real Estate Transformation
K1 Investment Management merges Singu and Micad into a unified AI-powered real estate software platform, managing over 250M sqm across 35 countries
Tags: real estate, AI [real estate, AI]
K1 Investment Management, a leading U.S.-based private equity firm specializing in small-cap enterprise software, has made a strategic investment to merge Singu (Poland) and Micad (UK), two of Europe’s most established real estate software providers. The newly combined company now manages over 100,000 buildings and 250 million square meters in 35 countries, making it one of the largest facility management platforms globally.
The merger aims to consolidate and elevate real estate operations through a fully integrated suite of cloud-based software encompassing facility management, space optimization, predictive maintenance, and sustainability reporting. Notably, both Singu and Micad already serve prominent clients including CBRE, NHS, Logicor, University of Cambridge, Prologis, and Unibail-Rodamco-Westfield.
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AI-Powered Real Estate Transformation
This is more than a traditional consolidation — the newly formed platform is already harnessing AI for operational automation, from task generation for inspections, to predictive maintenance, and AI-augmented analytics for portfolio-wide performance optimization. This addresses growing pressure on property managers to reduce costs, enhance ESG transparency, and meet new compliance demands.
Singu, headquartered in Kraków, Poland, has carved out a strong presence in mainland Europe through its mobile-first maintenance and sustainability tools, while Micad, based in the UK, brings deep experience in healthcare and educational real estate, where asset traceability and compliance are paramount.
A Unified Platform with Global Reach
The CEO of the combined entity, Paweł Malon, highlighted the opportunity: “This merger is not just about scale — it’s about providing a unified platform for Europe’s property managers to digitize operations, enhance tenant experience, and unlock actionable strategic insights.”
Peter Harris, Managing Director of Micad, added: “With K1’s backing, we’re accelerating a shared vision — to become the go-to software solution for estate intelligence in every major vertical: healthcare, logistics, retail, education, and public services.”
Real Estate at a Tipping Point
The investment comes amid an accelerating digital transformation in commercial real estate, driven by remote monitoring needs, sustainability goals, and economic pressures on building utilization. The unified platform aims to respond with:
Preventive, reactive, and AI-driven predictive maintenance
Mobile-first workflows for on-site staff
Automated ESG and sustainability reporting
Cross-platform compliance management
Scaling Through M&A and Innovation
K1 will continue to support the combined entity’s growth through both organic expansion and further acquisitions, positioning it as a dominant force in the vertical software market for real estate.
“With this merger, we’re unifying two mission-critical systems to create the backbone of intelligent real estate operations,” said Tarun Jain, Principal at K1. “This is the inflection point the industry has been waiting for.”
