The acquisition of Rydoo Travel by CDS Groupe is perfectly in line with our strategy: The acceleration of the company's growth by strengthening its French leadership and technological consolidation. The complementarity in terms of positioning and customer portfolio will allow the new group to weigh 500 million euros in potential business volume, and to make it the de facto European leader in hotel reservation solutions in the field of business travel. . We are excited to welcome the entire Rydoo Travel team. The group will now have 150 employees, including around 60 developers. Their in-depth knowledge of the IT services sector are all assets that will accelerate the growth of the CDS Groupe offer. The Travel department of CDS Groupe will be led by Pierre Mesnage. We will capitalize by investing in all the solutions developed by Rydoo Travel, both the Self Booking Tool and the Hotel Booking Tool, in order to enable strategic partner agencies to be able to offer innovative solutions in the face of new international competition. We will thus be the only independent French and agnostic player with the ability to provide all the essential tools to current TMCs to serve their Corporate and Public Sector customers.
Ziad Minkara, co-founder and CEO of CDS Groupe