The European corporate travel booking platform has acquired Chicago-based startup AmTrav to support its expansion efforts in the U.S. market
Jun 18, 2024
To finance the acquisition and support TravelPerk’s broader expansion plans, the company secured $135 million in debt financing from private equity firms Blackstone and Blue Owl.
Key takeaways
- Avi Meir, CEO and co-founder of TravelPerk, anticipates that the acquisition will double the company’s U.S. revenues, making the U.S. its largest revenue-generating market by 2026;
- Currently, the U.K. is TravelPerk’s largest market, spurred by the company’s 2021 acquisition of the British corporate travel startup Click Travel;
- AmTrav, which operates in the same sector as TravelPerk, will retain its brand and its entire team will continue with the business.
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