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Ixigo acquires majority stake in Trenes, minority stake in Sqaas to expand European OTA and AI capabilities
wholly owned subsidiary of Le Travenues Technology Limited, has approved the acquisition of a 60 per cent stake in Spain-based Online Travel Solutions, S.L. (Trenes) for EUR11.7 million and a 45.02 per cent stake in Squad As Service, S.L. (Sqaas) for EUR0.45 million. Trenes will become a step-down subsidiary, while Sqaas becomes an associate, strengthening IXIGO’s European OTA presence and AI technology offerings.
wholly owned subsidiary of Le Travenues Technology Limited, has approved the acquisition of a 60 per cent stake in Spain-based Online Travel Solutions, S.L. (Trenes) for EUR11.7 million and a 45.02 per cent stake in Squad As Service, S.L. (Sqaas) for EUR0.45 million. Trenes will become a step-down subsidiary, while Sqaas becomes an associate, strengthening IXIGO’s European OTA presence and AI technology offerings.
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