Travel management company TripActions has begun transitioning customers over from Comtravo, the German company it acquired last year, ahead of the brand’s retirement.
Where Will the Money Go?
Both companies do appear to have different intents. TravelPerk, for one, is coming to America.
A “very significant” part of the new $160 million funding will be deployed in the U.S. as it goes after winning small and mid-size businesses. This expansion will be on top of its acquisition of Santa Monica-based NexTravel in January, and more acquisitions are highly likely.
It’s a marked difference to TripActions’ European invasion, as it goes after enterprise-sized customers. “We’re alone in this market, because TripActions has taken the high end of the market. We want to double down on this gigantic market in the U.S.,” Taunay-Bucalo said.