M&A operations continue with Business Travel, proving the sector’s rapid rise: after the acquisition of Tripactions by Comtravo and Travelperk’s Click Travel, it’s the turn of CDS Groupe, the French business hotel marketplace to take over activity Travel of Rydoo, formerly Sodexo Travel, which has owned since September 2021 the Marlin Equity fund.
CDS Groupe’s acquisition of Rydoo Travel is fully in line with our strategy: Accelerating the company’s growth by strengthening its French leadership and technology integration. The complementarity in terms of positioning and customer portfolio will allow the new group to weigh 500 million euros in potential business volume, and make it the de facto European leader in hotel booking solutions in the field of travel in business. We are excited to welcome the entire Rydoo Travel team. The group will now have 150 employees, including approximately 60 developers. Their in -depth knowledge of the IT services sector are all assets that will accelerate the growth of CDS Groupe’s offering. The Travel department of CDS Groupe will be headed by Pierre Mesnage. We will use the substantial value by investing in all the solutions developed by Rydoo Travel, both the Self Booking Tool and Hotel Booking Tool, to enable strategic partner agencies to offer innovative solutions in the face of new international competition. As such, we will be the only independent French and agnostic player capable of providing all the essential tools to current TMCs to serve their Corporate and Public Sector customers. said Ziad Minkara, co-founder and CEO of CDS Groupe.
Sébastien Marchon, CEO of Rydoo, explained:
Since doing so in 2017, Rydoo Travel’s growth has been very rapid. Covid has clearly slowed our progress, but since September (2021), the recovery has been intense. Thanks to the many accounts obtained over the past 2 years, our weekly turnover is now higher than in the pre-covid period (+92% last week). Despite this success (confirming our user experience -centered approach), we decided to leave Rydoo Travel and sell this activity to CDS. This operation responds to a double desire: To accelerate our growth in the Expense line of business, which is already experiencing very strong growth but the potential is even greater. Therefore, we want to devote 100% of our investments and energy to it. Then, allowing Rydoo Travel to achieve a “ critical dimensions faster than organic growth in an industry where volume is a “ game changer “. The merger with CDS has thus given birth to a European leader in hotel booking solutions. We are delighted.
Founded in 2001, CDS Groupe has gradually established itself as a leader in the hotel business market. The start of 2022 saw strong growth compared to pre -crisis volumes, confirming good commercial momentum as well as a strong recovery in the sector.
This acquisition project accelerates the deployment of this strategy which aims to strengthen its leadership in the French market and contribute to its international deployment.
I am excited to join the CDS Groupe teams. My intent is to continue to strengthen commercial relationships with partners and specifically with strategic agencies Havas Voyages, FCM, VoyagExpert as well as our historic clients such as CNRS, ENGIE and Deloitte. says Pierre Mesnage, VP Sales & Operations of Rydoo Travel.
The business unit “ Cost management The renamed Rydoo remains with its majority shareholder group, Marlin Equity.
The two actors pure player will focus on their respective areas of expertise and will continue to serve customers typically on the Travel and Cost side thanks to a strategic and commercial partnership.
Created in 2001 by its current CEO Ziad Minkara, CDS Groupe is an HBT (Hotel Booking Tool) publisher of a platform dedicated to booking overnight stays for a clientele comprised of specialized corporate and travel agencies. in business travel. business. The company offers its customers an integrated solution that enables hotel reservations, with access to more than one and a half million accommodations worldwide, and also offers payment solutions, invoicing and reporting. Aimed to control hotel costs according to the company while respecting accommodation policy, the CDS solution helps simplify the management of all flows associated with hotel reservations.