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CDS Groupe acquires enterprise resource planning provider SIAP


French hotel booking and payment solutions company CDS Groupe has acquired Italy-based SIAP, which provides software solutions for travel and tourism. Financial terms of the acquisition have not been disclosed.

CDS Groupe, which works with corporate clients and travel mangement companies (TMCs), said the integration of SIAP will give it a stronger placement in the Italian market where more than 1,000 TMCs use its software. It will also give the company access to enterprise resource planning technologies and insight into local management tactics.ย 

โ€œThis milestone acquisition reinforces our leadership position and aligns with our ambition to achieve โ‚ฌ1 billion in business travel hotel bookings within the next three years,โ€ said Ziad Minkara, CEO of CDS Groupe. He also said the company intends to make more acquisitions as it targets Northern Europe for growth.

SIAPโ€™s full team of 90 will join CDS Groupe and continue to operate independently, with no changes to its management structure, bringing CDS Groupe’s workforce to more than 450 employees spread across six countries including France, Poland, Germany and Italy.

โ€œJoining CDS Groupe allows us to combine SIAPโ€™s expertise with the Groupโ€™s extensive resources and network, creating new opportunities to serve our clients better,โ€ said Antonio Rosa, founder of SIAP. โ€œWe are excited about the journey ahead as we contribute to building Europeโ€™s leading business travel solutions platform.โ€

Last year, the CDS Groupe acquired Germanyโ€™s Corporate Rates Club and in 2022, it purchased Belgium-based Rydooโ€™s travel platform.ย 



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