Based in Barcelona Travel benefits, a travel management platform, today announced the acquisition of UK business travel company, Click on Travel. The investment from Baupost Group, a Boston-based investment manager, provided the funds to TravelPerk for this acquisition.
Click Travel is TravelPerk’s third and largest acquisition. Previously, TravelPerk accelerated its growth in the US market through the integration of risk management startup Albatross in July 2020 and the acquisition of US business travel platform NexTravel in January 2021.
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About Click Travel
Based in Birmingham, UK, Click Travel was founded in 1999 by James McLean and Simon McLean. Click Travel is a travel management company that reduces the cost and complexity of managing business travel through the use of technology. It provides reservation services for hotels, train and plane travel, as well as assistance for meetings and events.
Its technology-based solution makes it easy for companies to apply travel policy, control costs and analyze their expenses – in short, help them reduce costs and simplify reservations and management for their staff. .
The company has more than 2,000 corporate customers, including Five Guys, Red Bull and Talk Talk.
Speaking on the development, James McLean, CEO of Click Travel, said: “Click Travel and TravelPerk share the same mission: to reduce the cost and complexity of business travel for everyone involved. Combining TravelPerk’s first-class knowledge, technology, experience and customer support with our own is a powerful proposition and we can’t wait to get started.
Objective of this acquisition
This development will see the UK market expertise and Click Travel’s customer base combine with TravelPerk’s inventory and product suite with the aim of providing a 7-star experience for business travelers during and after the Covid-19. In addition, TravelPerk will also absorb Click Travel’s 150-employee team, technology and customer base.
According to TravelPerk, even during the pandemic, the company continued to grow and expand and did not result in any layoffs, unlike many other companies in the industry.
Commenting on this development, Avi Meir, CEO and Co-Founder of TravelPerk, said: “The Click Travel team will help us build long term growth and significantly expand our field team in the UK. We are now no longer just the dominant player in the UK, we are the world’s leading SME travel management platform and the only major travel platform that laser-focuses on technology solutions. that will stand the test of time.
Meir adds, “There is no doubt that the business travel market is on track for a full recovery from last year’s disruption. Important meetings will always take place in person and we are already seeing a lot of green shoots in our key markets. “
Business travel management made easy
Founded by Avi Meir, Javier Suarez and Ron Levin in 2015, TravelPerk is a business travel platform that aims to combine the best of business and leisure travel to provide its customers with a booking, management and business travel reporting, using its proprietary technology.
The TravelPerk platform enables travelers to seamlessly compare, book and bill for trains, cars, flights, hotels and apartments from a range of providers including Kayak, Skyscanner, Expedia, Booking.com and Airbnb. In doing so, the company believes in offering business travelers unparalleled freedom and flexibility while allowing them to control their travel expenses.
Some of its clients include TransferWise, Revolut, Monzo, Farfetch, and the American Rugby Association.
The company is backed by investors such as DST, Kinnevik, Target Global, Felix Capital, Greyhound Capital, Spark Capital, Heartcore, LocalGlobe, Amplo and 14W.
Here’s what TravelPerk has done
Earlier in May 2021, the company raised € 131.9 million in its Series D financing, bringing the total amount raised to $ 294 million to date. The raised capital allowed TravelPerk to focus on its growth in the United States and Europe.
In addition, it has also helped the company to further develop its innovative solutions for travel, such as GreenPerk, a sustainability solution that enables companies to offset 100% of carbon emissions from their business travel and provide actionable information in real time on the carbon impact of their business; FlexiPerk, the industry’s first flexible booking tool that handles last minute cancellations and guarantees a refund of 80% of the trip.
In October 2020, TravelPerk launched the company’s first standalone service, TravelSafe API. The company’s API enables any travel provider to provide their customers with real-time information on COVID-19 travel restrictions, including point-to-point travel information, travel documents, transmission levels premises, local guidelines, airline safety measures, etc.
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