Ixigo to Acquire Majority Stake in Spanish Train Booking Platform Trenes for ₹125 Crore

ixigo acquires majority stake in Spain's online travel solutions firm for Rs 125 crore

ixigo will acquire an upfront majority stake of 60% in Trenes, the second-largest train OTA in Spain, marking a significant milestone in ixigo’s international expansion into Europe.

Ixigo acquires 60% stake in Spain-based train ticketing platform Trenes for Rs 125 crore

Le Travenues Technology, the parent company of online travel aggregator Ixigo, will have the right to acquire the remaining stake in the future, subject to the fulfilment of agreed conditions, it said in a filing. This is Ixigo’s first major international deal and its entry into the European market.

Ixigo to acquire majority stake in Spanish train booking platform Trenes for ₹125 crore

The acquisition of Trenes paves the way for ixigo's strategic entry into Europe, widely regarded as the global benchmark for rail travel.

Ixigo Advances into Europe with Strategic Acquisitions

Ixigo is set to acquire a 60% stake in Spain's Trenes and a 45.02% stake in Sqaas for over 12 million euros. These acquisitions bolster Ixigo's presence in Europe's train booking and AI software markets, making Trenes a subsidiary and Sqaas an associate company.

ixigo buys Spanish train booking platform Trenes for ₹125 crore

Additionally the company has also picked up 45% in Spanish start up Sqaas that is engaged in providing technology driven solutions for around ₹5 crore

ixigo To Acquire Two European Travel Tech Startups For ₹130 Cr

ixigo's subsidiary is acquiring 60% stake Trenes for €11.7 Mn (about ₹125 Cr), and 45.02% stake in Sqaas for €450K (₹4.8 Cr)