Friday, November 29, 2024 CDS Groupe, the French leader in hotel booking and payment solutions for corporate clients and travel management companies (TMCs), has announced the strategic acquisition of SIAP, Italy’s premier ERP provider for the travel sector. With over 40 years of experience in developing software solutions for TMCs, SIAP serves more than 1,000 clients across Italy, making it a significant addition to CDS Groupe’s portfolio. This acquisition marks another key milestone in CDS Groupe’s mission to consolidate its leadership position in the European business travel solutions market.
Under the terms of the deal, SIAP will operate independently within the CDS Groupe structure, retaining its management team and brand identity. This move enhances CDS Groupe’s presence in Italy and strengthens its technological offerings, particularly in the areas of ERP solutions and travel management tools. The acquisition also brings SIAP’s 90 employees into the CDS Groupe fold, raising the company’s total workforce to over 450 staff members across six European countries, including France, Germany, Italy, Poland, Croatia, and Romania.
With an annual hotel booking volume of €800 million, CDS Groupe is now positioned for further growth as it sets its sights on achieving €1 billion in annual hotel bookings within the next three years. “This acquisition is a significant step in reinforcing our leadership in the business travel sector,” said Ziad Minkara, CEO of CDS G.
