Contact

eDreams Odigeo buys hotel booking platform budgetplaces.com


, , , , ,
Integral service around a transaction
BY : Diego GutiérrezFebruary Mon, 2017
eDreams Odigeo has acquired the hotel search and booking website budgetplaces.com, a Barcelona-based online business that provides users with accommodation options worldwide.

eDreams Odigeo buys hotel booking platform budgetplaces.com

About Edreams

Edreams is an application based in Barcelona, which allows you to book  cheap flights and hotels, rent a car and organise your holidays.

The company went public in 2014 at a price of €10.25/share, but that year was not good for the company and its stock market value plummeted, ending the year below €2/share. The company went from being worth €1.075M to €189M.

In 2015 the company managed to increase its sales by 51% and its profitability grew by 5%, this had positive effects on the stock market which gradually recovered. Edreams is currently trading at a price of 3.15.

In 2016 Edreams decided to sell its Travellink-branded corporate travel division in Germany, Sweden, Finland, Norway and Denmark to the Australian group Flight Centre Travel.

About Budgetplaces.com

Founded in Barcelona in 2003, budgetplaces.com makes it easy for travellers from all over the world to access centrally located hotels. The online site records more than 200,000 bookings a year and handles more than 55,000 overnight stays each month. To do this, the company works with more than 7,500 hotels, hostels, bed & breakfasts and directly contracted flats worldwide.

Purchase data

The acquisition will provide eDreams Odigeo and its brands with access to the most innovative technology and product diversification in line with the company's business strategy.

The takeover has caused eDreams to grow in the stock market.

Other operations in the tourism sector in Spain

In recent months there has been a wave of acquisitions in the tourism sector, both internationally and domestically.

On the international scene, as we told you a few days ago, the China Shiji bought ReviewPro for €26M. The company offers Online Reputation Management (ORM) and Hotel Satisfaction Surveys (GSS) applications, which allow hoteliers to gain a better understanding of their strengths and weaknesses. In addition, British GTA offering services for the tourism sector has bought the Mallorcan MTS Globe.

 

 
If you are looking for investors, you want to buy or selling a company orCall +34 946424142 or fill in the contact form. Abra-Invest has an expert team at your disposal.

 

Zuccheti, Italy's leading software company buys Solmicro, a Spanish business management software company

Mab companies increase capital: Agile and Secuoya

Ezentis buys Chile's Tecnet to grow in the energy market

Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?

M&A NEWS
INDUSTRIAL REPORTS
closearrow-circle-o-downchevron-downcrossmenu