M&A operations continue in Business Travel, confirming the rapid recovery of the sector: Following the acquisition of Comtravo by Tripactions and by Click Travel by Travelperk, it is CDS Group’s turn, the French business hotel marketplace to seize activity Trip of Rydoo, formerly Sodexo Travel, owned since September 2021 by the Marlin Equity Foundation.
The acquisition of Rydoo Travel by CDS Groupe is fully in line with our strategy: Accelerating the company’s growth by strengthening its French leadership and technological consolidation. 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 reservation solutions in business travel. We are pleased to welcome the entire Rydoo Travel team. The group now has 150 employees, of which about 60 are developers. Their in-depth knowledge of the IT services sector are all assets that will accelerate the growth of CDS Group’s offering. The travel department of the CDS Group will be headed by Pierre Mesnage. We will capitalize by investing in all the solutions developed by Rydoo Travel, both the Self Booking Tool and the Hotel Booking Tool, to enable strategic partner agencies to offer innovative solutions in the face of new international competition. We will thus be the only independent French and agnostic player with the ability to provide all the essential tools to current TMCs to serve their business clients and customers in the public sector. says Ziad Minkara, co-founder and CEO of CDS Groupe.
Sébastien Marchon, CEO of Rydoo, explains:
Since its inception in 2017, the growth of Rydoo Travel has been very rapid. Covid has, of course, slowed down our development, but since September (2021) the recovery has been intense. Thanks to the many accounts gained over the past 2 years, our weekly revenue is now significantly higher than in the period before covid (+ 92% last week). Despite this success (which validates our strategy centered on the user experience), we have decided to withdraw from Rydoo Travel and sell this activity to CDS. This operation responds to a dual desire: to accelerate our development on the Expense business line, which is already experiencing very strong growth, but whose potential is even greater. We therefore want to devote 100% of our investments and energy to it. So that of letting Rydoo Travel achieve a “ critical size faster than just organic growth in an industry where volume is a “ Game changer “. The merger with CDS thus gives birth to a European leader in hotel reservation solutions. We are happy.
Founded in 2001, CDS Groupe has gradually established itself as a leader in the business hotel market. The start of 2022 has seen 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 implementation of this strategy, which aims to strengthen its leadership in the French market and contribute to its international reach.
I’m happy to join the CDS Groupe teams. My desire is to continue to strengthen the commercial relationships with partners and in particular with the strategic agencies Havas Voyages, FCM, VoyagExpert as well as our historical clients such as CNRS, ENGIE and Deloitte. says Pierre Mesnage, VP Sales & Operation of Rydoo Travel.
Business Unit “ Expenditure management renamed Rydoo remains in the fold of its majority shareholder, Marlin Equity.
The two actors pure player will focus on their respective areas of expertise and will continue to serve customers jointly on the Travel & Expense part thanks to a strategic and commercial partnership.
CDS Groupe was founded in 2001 by its current CEO, Ziad Minkara, and is an LGBT publisher (Hotel Booking Tool) of a platform dedicated to booking accommodation for a clientele consisting of companies and travel agencies specializing in business travel. The company offers its customers an integrated solution that allows hotel reservations, with access to more than one and a half million accommodations worldwide, and also offers payment, billing and reporting solutions. The CDS solution is intended to control hotel expenses by company and at the same time respect the accommodation policy, and helps to simplify the management of all flows related to hotel reservations.