A new Florida law that tightens the rules around condo inspections is spawning a new cottage industry in the Miami area, as real-estate firms compete to offer services to enable thousands of residential buildings in Florida to comply.

Odevo, a Swedish prop-tech company that focuses on property management in Europe, is getting a foothold in this business in Florida by acquiring Miami-based KW Property & Management Consulting, the companies said on Tuesday. They declined to disclose the terms of the acquisition.

This post first appeared on wsj.com

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