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Ixigo Acquires Stake In Trenes And Sqaas
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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.
Scoring Rationale
Official regulatory filings confirm cross-border acquisitions, but novelty is moderate and impact largely limited to the OTA vertical.
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