Dublin company gets global reach after acquisition
Trade
Peter O’Donovan, CarTrawler
CarTrawler, the leading B2B technology provider of car rental, ground transport and Insurtech solutions to the global travel industry, has entered into an agreement to be acquired by Expedia Group, the global travel marketplace. Financial terms were not revealed.
CarTrawler, founded and headquartered in Dublin, is powered by its Connect Platform, connecting upwards of 550 car rental suppliers and more than 500 mobility providers with approximately 300 travel brands worldwide.
Peter O’Donovan, chief executive officer, CarTrawler (pictured), said: “CarTrawler’s acquisition by Expedia Group is a testament to the strength of our technology, the drive of our people, our track record of innovation and our accelerating commercial momentum. This exciting combination allows us to advance our mission as part of travel’s best and most complete B2B engine, unlocking new opportunities for innovation and growth.”
Alfonso Paredes, president B2B & chief commercial officer, Expedia Group, said: “The CarTrawler acquisition is another huge, exciting step towards our ambition of building the most complete B2B travel platform… Adding CarTrawler now extends that same strategy into car rentals, ground transport and Insurtech. CarTrawler’s focus and differentiated expertise in these areas complements our strengths in B2B scale and technology, enabling us to massively amplify our joint value proposition to partners, suppliers, and travellers.”
The deal is subject to approval and is expected to close by the end of this year.
TechCentral Reporters