TripActions Rolls Up Another European Travel Agency With German Acquisition
Photo Credit: Berlin startup Comtravo, which was founded in 2015, serves the German, Austrian, Swiss and Scandinavian regions. Unsplash / Claudio Schwarz
Skift Take
Mergers and acquisitions in the corporate travel space look set to continue, even after the roller-coaster year that was 2021. Now Berlin's Comtravo, a Microsoft-backed travel agency, is selling up.
Travel management startup TripActions has made another acquisition, this time buying Berlin-based Comtravo.
This latest foray follows its acquisition of UK agency Reed & Mackay in May last year. The Silicon Valley company has paid a reported €60 million ($68.7 million) for the agency, according to