ixigo Enters European Market, Buys 60% Stake in Spain-Based Online Travel Solutions

According to multiple media outlets, ixigo has authorised the purchase of a 60% interest in Online Travel Solutions, a company established in Spain. This sale will mark ixigo's first significant international expansion. The binding agreements for the transaction, estimated at €11.70 million (more than INR 125 crore), have been authorised by the company's board of directors.

Trenes, the second-largest train booking platform in Spain, is run by Online Travel Solutions. With this acquisition, ixigo will be able to strategically join the European rail sector, which is often considered the world standard for high-speed and integrated rail travel. The rail network in Spain extends across thousands of km, with many high-speed lines linking major cities.

How will this Acquisition Benefit ixigo?

Through the acquisition of a controlling shareholding, ixigo aims to broaden its business outside its primary operations in India and increase its presence on a global scale. This investment is made so that ixigo's technological prowess and Trenes's well-established clientele and brand recognition can work together. ixigo also has strong relationships with local rail operators.

In order to streamline the management of complicated trip plans, pricing algorithms, and large amounts of transactions, the company has created digital tools. The Gurugram-based company is making a substantial international commitment with the €11.7 million investment. According to industry estimates, hundreds of millions of passengers travel by rail every year in Europe, creating a large opportunity for online booking platforms that focus on rail travel.

Win-Win Situation for Both Firms                                 

Media outlets have reported that the deal will bring together ixigo's scalable technological infrastructure with local market knowledge in Spain, leading to operational and commercial benefits. In addition to fortifying distribution channels and supplier connections, the integration seeks to improve the user experience. Standard closing conditions and regulatory clearances still need to be met before the purchase may close. When completed, the deal will bolster ixigo's competitive position in the international train travel category and help it achieve its growth goals in the long run.