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M&A
CDS Groupe acquires SIAP for undisclosed sum to expand Italian market presence
Travel Tech
Nov 27, 2024
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Nov 27, 2024

CDS Groupe acquires SIAP for undisclosed sum to expand Italian market presence

M&A

  • CDS Groupe, a French hotel booking and payment solutions company, has acquired Italy-based SIAP, a provider of software solutions for travel and tourism.

  • The acquisition will strengthen CDS Groupe's presence in the Italian market, with SIAP's 90-person team joining CDS Groupe while maintaining operational independence. It will also give the company access to enterprise resource planning technologies and insight into local management tactics. The company aims to expand into Northern Europe through additional acquisitions.

  • CDS Groupe develops an online hotel booking platform tailored for business travel, enabling corporate clients and travel agencies to book accommodations. The platform also facilitates the monitoring of hotel expenses and ensures traveler safety and health compliance.

  • SIAP reportedly provides software solutions to over 1,000 travel management companies (TMCs) in Italy, offering enterprise resource planning technologies and local management expertise.

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