French resort reserving and fee options firm CDS Groupe has acquired Italy-based SIAP, which supplies software program options for journey and tourism. Monetary phrases of the acquisition haven’t been disclosed.
CDS Groupe, which works with company purchasers and journey mangement firms (TMCs), mentioned the mixing of SIAP will give it a stronger placement within the Italian market the place greater than 1,000 TMCs use its software program. It can additionally give the corporate entry to enterprise useful resource planning applied sciences and perception into native administration techniques.
“This milestone acquisition reinforces our management place and aligns with our ambition to attain €1 billion in enterprise journey resort bookings throughout the subsequent three years,” mentioned Ziad Minkara, CEO of CDS Groupe. He additionally mentioned the corporate intends to make extra acquisitions because it targets Northern Europe for progress.
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SIAP’s full group of 90 will be a part of CDS Groupe and proceed to function independently, with no modifications to its administration construction, bringing CDS Groupe’s workforce to greater than 450 workers unfold throughout six nations together with France, Poland, Germany and Italy.
“Becoming a member of CDS Groupe permits us to mix SIAP’s experience with the Group’s intensive sources and community, creating new alternatives to serve our purchasers higher,” mentioned Antonio Rosa, founding father of SIAP. “We’re excited in regards to the journey forward as we contribute to constructing Europe’s main enterprise journey options platform.”
Final 12 months, the CDS Groupe acquired Germany’s Company Charges Membership and in 2022, it bought Belgium-based Rydoo’s journey platform.
