Released on 27/11/24 – Updated on 27/11/24
CDS Groupe, a leading French gamer in booking and payment options for company hospitality, has actually gotten SIAP, an Italian business concentrating on ERP options for travel management business (TMCs). This acquisition enhances CDS's position in Europe, enabling it to broaden its existence in Italy and diversify its service portfolio.
With this deal, CDS Groupe invites 90 brand-new staff members, bringing its overall labor force to over 450 staff members throughout 6 European nations: France, Germany, Italy, Poland, Croatia, and Romania. The group now deals with a yearly hotel scheduling volume of EUR800 million, with the objective of reaching EUR1 billion in reservations by 2027.
Enhancing service offerings
The acquisition of SIAP likewise allows CDS to take advantage of SIAP'sMethodicaservice, which supplies services such as service travel reserving management, electronic invoicing, VAT healing, and 24/7 customer care. These services will match the current offerings of the group, more resolving the requirements of its business customers.
4 brand names under one roofing
CDS Groupe now runs 4 brand names:
- CDS, the leader in France for business hotel options
- Business Rates Club (CRC), a hotel reservation platform in Germany
- Goelett, a reservation tool for TMCs
- SIAP, the leading Italian ERP options company for TMCs
Each of these brand names brings complementary proficiency, allowing CDS to provide a broadened series of services throughout Europe.
Continuous financial investment method
CDS Groupe continues to buy technological development and the growth of its network throughout Europe. The acquisition of SIAP becomes part of a development technique targeted at reinforcing the group's position in European markets, with prepare for additional growth into the Anglo-Saxon markets.
“This tactical acquisition combines our management and belongs to our aspiration to reach 1 billion euros in hotel reservations within 3 years. It shows our dedication to development and quality. The combination of SIAP not just reinforces our existence in Italy however likewise offers us access to sophisticated ERP innovations and top-level regional competence. This relocation marks an important action towards our objective of 1 billion euros in yearly reservation volume by 2027. And this is simply the start: other acquisitions are underway, especially to enhance our existence in the Anglo-Saxon markets.” – Ziad Minkara, CEO of the Group
“Joining CDS Group provides us a special chance to integrate SIAP's competence with the Group's resources and network. Together, we will have the ability to use a lot more effective options to our customers and add to developing the referral platform for company travel in Europe.” – Antonio Rosa, creator of SIAP
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