Spanish startup TravelPerk, which is one of the largest global travel management platforms just announced the acquisition of NexTravel, a US-based business travel platform. Notably, this is TravekPerk’s second and largest acquisition after the integration of Albatross, a risk management startup in July 2020.
Why this acquisition?
With the acquisition of NexTravel, the Spanish company will be able to fuel its ongoing expansion strategy in the US. Travelperk will also take over NexTravel’s customer base, employees, technology, inventory and US market expertise.