WeWork Acquires Common Desk

Workspace company WeWork Inc. announced on Tuesday (Jan. 25) it has signed a definitive agreement to acquire Dallas-based workspace provider Common Desk as part of its plan to continue its growth across the U.S. and around the world.

“With an eye towards partners most aligned with our priorities, Common Desk presented itself as a sophisticated operator with a compelling approach to providing a top notch member experience without sacrificing strong margins or an exceptional product,” WeWork CEO Sandeep Mathrani said in the announcement.

“On the heels of a strong year for our business, Common Desk’s operational expertise and portfolio of first-class space will further bolster our value proposition as we focus on strategic growth,” he said.

Common Desk serves 4,000 customers in 23 locations across 13 cities in Texas and North Carolina. WeWork’s acquisition is expected to close in March. Common Desk will be rebranded as “Common Desk, a WeWork Company,” when the deal is completed.

“Similar to WeWork, Common Desk is a company built on the concept of bringing people together to have their best day at work,” said Nick Clark, CEO at Common Desk, in the announcement.

“With the added support from WeWork, Common Desk will be able to not only leverage WeWork’s decade of experience in member services to improve the experience of our own members but also leverage WeWork’s impressive client roster to further build out our member base,” he said.

Related: Revolut Uses Bitcoin to Secure Its Largest US Office Space

In September, U.K.-based financial super app Revolut announced it will use bitcoin to pay for its space in Dallas with WeWork. The space serves as the hub for Revolut’s American expansion efforts, with more than 300 Revolut employees.

Most of Revolut’s more than 2,000 employees have the option of dividing their work hours between home and the office. Revolut has spaces through WeWork in Berlin, Dallas, Dublin, Melbourne, Moscow, Singapore and New York.