CDS Group has acquired Rydoo Travel, enhancing its leadership in the European business travel booking solutions market.

Target Information

Founded in 2017, Rydoo Travel has experienced rapid growth, significantly accelerating post-pandemic. While the COVID-19 pandemic temporarily slowed developments, the company saw a remarkable resurgence beginning in September 2021. With numerous new accounts secured over the past two years, Rydoo Travel's weekly revenue has now surpassed pre-pandemic levels, achieving an impressive 92% increase last week. Despite this success, which validates the company's user-experience-focused strategy, Rydoo has made a strategic decision to divest its travel operations and sell to CDS Group.

This divestiture is motivated by a dual objective: first, to expedite the development of its already fast-growing Expense business line, allowing Rydoo to devote 100% of its investments and resources to this area. Second, it aims to enable Rydoo Travel to reach a critical mass more quickly than would be feasible through organic growth in a competitive industry where volume plays a pivotal role. The merger with CDS thus creates a leader in European hotel booking solutions.

Industry Overview

The M&A activity within the business travel sector continues to surge, further underlining the industry's strong recovery. Recently, CDS Group, a French marketplace focused on business hospitality, acquired the Travel di