Wednesday, November 27, 2024
CDS Groupe acquires Italy’s SIAP, combining innovative ERP technology with local expertise to revolutionize corporate hotel booking and payment solutions.
CDS Groupe, a leading force in corporate hotel booking and payment solutions across Europe, has taken a significant step forward by acquiring SIAP, a historic Italian company specializing in ERP software for the tourism and business sectors. With over 40 years of experience, SIAP has established itself as a trusted partner for more than 1,000 Italian travel management companies (TMCs).
This strategic acquisition reinforces CDS Groupe’s mission to expand its technological and geographical reach, combining innovation with localized expertise to provide unmatched services to corporate clients and TMCs across Europe.
One of the unique aspects of this acquisition is CDS Groupe’s decision to maintain SIAP’s operational autonomy. SIAP will continue to operate under its current management structure and retain its well-respected brand identity, ensuring continuity for its existing clients.
This approach underscores CDS Groupe’s respect for SIAP’s heritage and its commitment to nurturing local expertise while integrating it into a broader European strategy. By leveraging SIAP’s deep understanding of the Italian market, CDS Groupe is positioned to deliver highly tailored solutions that meet the unique needs of its corporate and TMC clients.
CDS Groupe’s robust financial health has paved the way for transformative investments that strengthen its position as a market leader. The acquisition of SIAP is a key part of this strategy, allowing the Group to:
CDS Groupe’s CEO, Ziad Minkara, highlighted the significance of this acquisition in driving the company’s ambitious goals.
“This acquisition reflects CDS Groupe’s commitment to innovation and excellence. With the integration of SIAP, we gain not only a stronger foothold in the Italian market but also access to advanced ERP technologies and a deep understanding of local travel management practices. This news also means that we are now on target to hit €1 billion in annual hotel booking volume by 2027. Watch this space for more acquisition news as we continue consolidating the market– including plans for entering into the Anglo-Saxon market.” said Ziad Minkara, CEO of CDS Groupe.
Minkara’s vision demonstrates CDS Groupe’s strategic focus on consolidating the European market and exploring new opportunities in English-speaking regions, setting the stage for sustained growth and innovation.
One of the standout aspects of this acquisition is the inclusion of SIAP’s Methodica solution, a state-of-the-art tool designed for travel management companies and corporate clients. This innovative ERP software will be rolled out across the CDS Groupe network, offering clients enhanced value-added services that streamline their operations and improve efficiency.
The integration of Methodica is expected to be a game-changer for CDS Groupe, allowing the company to deliver cutting-edge solutions that cater to the evolving needs of corporate clients across Europe.
Antonio Rosa, the founder of SIAP, expressed his enthusiasm for the partnership with CDS Groupe.
Antonio Rosa, founder of SIAP, commented: “Joining CDS Groupe allows us to combine SIAP’s expertise with the Group’s extensive resources and network, creating new opportunities to serve our clients better. We are excited about the journey ahead as we contribute to building Europe’s leading business travel solutions platform.”
Rosa’s statement highlights the alignment of values and vision between the two companies, laying the foundation for a successful collaboration that benefits clients and stakeholders alike.
The acquisition of SIAP marks a significant milestone in CDS Groupe’s journey to transform the corporate travel landscape. By combining CDS Groupe’s financial strength and technological innovation with SIAP’s local expertise and advanced ERP solutions, the Group is poised to set new standards in corporate hotel booking and payment services.
This move also underscores the importance of localized expertise in delivering tailored solutions that meet the diverse needs of clients across Europe. With a stronger presence in the Italian market, CDS Groupe is well-positioned to drive growth and innovation in one of Europe’s most dynamic travel markets.
The acquisition of SIAP is not just about expanding CDS Groupe’s footprint; it’s about building a comprehensive platform that redefines how corporate travel is managed across Europe. By investing in cutting-edge technology, leveraging local expertise, and pursuing strategic acquisitions, CDS Groupe is creating a future where corporate clients and TMCs can rely on seamless, efficient, and innovative solutions for their travel needs.
With ambitious growth targets and a clear vision for the future, CDS Groupe is set to lead the way in the European corporate travel market, delivering unparalleled value to its clients and stakeholders.
The acquisition of SIAP by CDS Groupe represents a powerful synergy of innovation, expertise, and strategic vision. By combining the strengths of these two market leaders, CDS Groupe is redefining corporate travel solutions and setting a new standard for excellence in the industry. As the Group continues to expand its footprint and enhance its offerings, it remains committed to providing clients with the best-in-class services that meet their evolving needs.
Stay tuned for more updates as CDS Groupe continues its journey to transform the corporate travel landscape, one strategic acquisition at a time.
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