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Ixigo Acquires Stake In Trenes And Sqaas
6.1
Ixigo on Feb. 14 approved acquiring 60% of Spain’s second-largest train booking platform Online Travel Solutions (Trenes) for €11.70 million, the company said in a regulatory filing. It also approved buying 45.02% of Squad As Service (Sqaas) for €0.45 million; Trenes will become a step-down subsidiary and Sqaas an associate. Ixigo said the deals will leverage its product, technology and AI leadership in Europe.
Key Points
- 1Acquires 60% of Trenes for €11.7M and 45.02% of Sqaas for €0.45M in combined deals
- 2Expands European OTA footprint in Spain, leveraging Ixigo's product, technology and AI leadership
- 3Enables integration of train-booking inventory and AI-driven services for cross-border distribution and development
Scoring Rationale
Official regulatory filings confirm cross-border acquisitions, but novelty is moderate and impact largely limited to the OTA vertical.
Sources
Public references used for this report.
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