Tripactions takes over Comtravo

The US travel platform is acquiring the German business travel specialist Comtravo, completing its second takeover in Europe.

The travel platform Tripactions is acquiring the Berlin-based start-up Comtravo, as the company announced today. This is Tripactions' second takeover in Europe. Comtravo is one of the fastest growing companies for business travel in Germany, Austria, Switzerland and Scandinavia.

Michael Riegel and Jannik Wässa co-founded Comtravo in 2015 and developed a software that makes travel suggestions based on customers' previous booking behavior and preferences. They can book these suggestions with one click. In the past, the company has been able to attract investors such as the Microsoft Venture Fund and Deutsche Bank.

Following the acquisition, the Tripactions Group will serve more than 7,500 customers in over 94 countries. According to the company, it manages travel budgets with a volume of almost six billion US dollars. Half of its turnover is generated in Europe and the UK. "With its proprietary technology, the Tripactions Group is a global pioneer in modern travel management and is therefore ideally positioned to conquer the European market together with us," comments Comtravo Managing Director Michael Riegel on the acquisition.