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

Indian travel tech company Ixigo is set to acquire a majority stake in the Spanish train booking platform Trenes for ₹125 crore. This strategic move marks Ixigo's foray into the European market, a region renowned for its advanced rail travel infrastructure. By integrating Trenes into its portfolio, Ixigo aims to enhance its offerings and tap into the robust demand for efficient train travel solutions across Europe. The acquisition aligns with Ixigo's broader vision of expanding its global footprint and diversifying its service offerings. Trenes, known for its user-friendly interface and extensive network, provides Ixigo with direct access to Europe's sophisticated rail systems. This will allow Ixigo to leverage Trenes' established market presence and expertise, offering seamless travel experiences to a wider audience while strengthening its competitive edge in the international travel sector. Ixigo's entry into Europe signifies a significant milestone in the company's growth trajectory. The acquisition not only bolsters its position in the travel technology industry but also sets the stage for future innovations and collaborations. As Ixigo integrates Trenes' capabilities, it is poised to deliver enhanced services that cater to the evolving needs of global travelers, thereby reinforcing its commitment to revolutionizing travel experiences worldwide.

— Authored by Next24 Live