Acquisitions13 Feb 2026, 11:02 pm
IXIGO PTE. LTD., wholly owned subsidiary of Le Travenues Technology Limited, Approves Acquisitions in Spain
AI Summary
IXIGO PTE. LTD., wholly owned subsidiary of Le Travenues Technology Limited, has approved the acquisition of 60% stake in Online Travel Solutions, S.L. (Trenes) for a total consideration of €11.70 million and 45.02% stake in Squad As Service, S.L. (Sqaas) for a total consideration of €0.45 million. Trenes is the second largest train OTA in Spain and Sqaas is an early stage technology and AI company. The acquisitions are expected to be completed by March 31, 2026, subject to regulatory approvals.
Key Highlights
- Acquisition of 60% stake in Online Travel Solutions, S.L. (Trenes) for a total consideration of €11.70 million
- Acquisition of 45.02% stake in Squad As Service, S.L. (Sqaas) for a total consideration of €0.45 million
- Trenes is the second largest train OTA in Spain
- Sqaas is an early stage technology and AI company
- Expected completion date of the acquisitions is March 31, 2026