Travelsoft acquires TravelgateX, ATCORE Technology & Travel Connection Technology

The travel tech group becomes a global leader in travel technology with three new acquisitions, supported by its Founders, Capza, Capital Croissance and Tikehau

M & A buy side 2024, May

E-travel & hospitality

“These three acquisitions represent a quantum leap for us as we take a giant step forward in our mission to become the global leader in travel SaaS. But we won’t stop here and remain committed to further growth through both innovation and further
acquisitions too. The addition of TravelgateX, ATCORE Technology and Travel Connection Technology, each with cutting-edge technology and outstanding leadership teams, further increases our value and relevance to clients and supplier partners around the world – whilst creating many synergies and innovation opportunities within the group that partners will quickly benefit from.”

Christian Sabbagh, Founder and CEO of Travelsoft

Travel tech group Travelsoft announces three further acquisitions – TravelgateX , ATCORE Technology , and Travel Connection Technology – to become a global player in technology solutions for the leisure travel industry, with the group’s technology processing €35 billion in transactions annually.

With the latest additions, Travelsoft – which previously acquired Eventiz Group in May this year, Travel Compositor in 2023, and Traffics in 2022 –has now a global team of 600 professionals and recurring revenues reaching €100 million annually with strong organic growth potential ahead.

The new inclusions into the group mean that Travelsoft has now a presence in over 80 countries, with 400 major clients and 1,000 travel suppliers globally.

As such, the group is able to address all issues faced by tourism companies –plus destinations (DMOs) and tourism boards – through this geographic footprint expansion, increased synergies and greater innovation opportunities to provide significantly higher value to its resilient client base.

These acquisitions were enabled thanks to the significant reinvestment by Christian Sabbagh and CAPZA, as well as new unitranche debt from Tikehau and a ticket from Capital Croissance, who strongly believe in the potential of this combination and the great opportunities it will trigger for the group.