Spilimbergo-based BizAway, an Italian travel management scale-up, has acquired Barcelona’s Aervio, a travel management company focused on AI solutions for business travel.
Through this acquisition, BizAway aims to enhance its innovation process and expand its technological tools. The company currently operates from eight offices across Italy, Spain, Albania, and Dubai, with a workforce of over 360.
Most of Aervio’s team will join BizAway’s Spanish offices.
Aim of the acquisition
Founded in April 2016, Aervio develops AI-based tools for travel planning. Its platform uses Natural Language Processing (NLP) to handle requests quickly and streamline search, booking, and billing processes.
BizAway’s acquisition of Aervio will support the development of its own platform and expand its service capabilities.
Luca Carlucci, CEO and co-founder of BizAway, says, “This acquisition marks an important step in our growth and innovation strategy.”
“In an ever-changing industry like business travel, artificial intelligence represents a key opportunity. However, we strongly believe that technology must go hand in hand with the centrality of the human factor, especially in the area of customer assistance: this is why we will continue to invest in order to offer the best service with empathetic and competent support that is close to the real needs of companies and travelers.”
Santiago Montero de Quadras, CEO di Aervio, adds, “I am very happy about the successful operation we’ve just closed with BizAway. I truly believe in BizAway’s vision of delivering the future of travel, and I’m proud that Aervio’s technology, team and expertise can contribute to that journey.”
Brief about BizAway
BizAway was founded in 2015 by Luca Carlucci and Flavio Del Bianco, who saw a need for a more efficient way to manage business travel in a global work environment. They developed a proprietary IT platform to help companies organise employee travel using digital tools.
The company has grown to over 300 employees and operates in various cities across Italy, Spain, Albania, and Dubai.
Since its launch, BizAway has completed over 500,000 bookings and helped more than 1,500 companies save over €10M. It works with companies including BDO, Venchi, Doctors Without Borders, Telepass, Sielte, Satispay, and Lega Serie A.
BizAway claims to have experienced significant growth since its inception. The company has raised over €50M in total funding, including €35M secured in a round led by Mayfair Equity Partners in September 2024. Other investors include MundiVentures, Azimut Digitech Fund, FNDX, GELLIFY, EXOR Seeds, and illimity.
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