CDS Groupe, a leading French player in reservation and payment solutions for business hospitality, has acquired SIAP, an Italian company specializing in ERP solutions for travel management companies (TMCs). This acquisition strengthens CDS’s position in Europe, allowing it to expand its presence in Italy and diversify its service portfolio.
Expansion and European synergies
With this transaction, CDS Groupe welcomes 90 new employees, bringing its total workforce to over 450 employees across six European countries: France, Germany, Italy, Poland, Croatia, and Romania. The group now handles an annual hotel booking volume of €800 million, with the goal of reaching €1 billion in bookings by 2027.
Enhancing service offerings
The acquisition of SIAP also enables CDS to benefit from SIAP’s Methodica solution, which provides services such as business travel booking management, electronic invoicing, VAT recovery, and 24/7 customer service. These services will complement the existing offerings of the group, further addressing the needs of its corporate clients.
Four brands under one roof
CDS Groupe now operates four brands:
- CDS, the leader in France for corporate hotel solutions
- Corporate Rates Club (CRC), a hotel booking platform in Germany
- Goelett, a booking tool for TMCs
- SIAP, the leading Italian ERP solutions provider for TMCs
Each of these brands brings complementary expertise, enabling CDS to offer an expanded range of services across Europe.
Ongoing investment strategy
CDS Groupe continues to invest in technological innovation and the expansion of its network across Europe. The acquisition of SIAP is part of a growth strategy aimed at strengthening the group’s position in European markets, with plans for further expansion into the Anglo-Saxon markets.
"This strategic acquisition consolidates our leadership and is part of our ambition to reach 1 billion euros in hotel bookings within three years. It demonstrates our commitment to innovation and excellence. The integration of SIAP not only strengthens our presence in Italy but also gives us access to advanced ERP technologies and high-level local expertise. This move marks a crucial step toward our goal of 1 billion euros in annual booking volume by 2027. And this is just the beginning: other acquisitions are underway, particularly to strengthen our presence in the Anglo-Saxon markets." - Ziad Minkara, CEO of the Group
"Joining CDS Group offers us a unique opportunity to combine SIAP's expertise with the Group's resources and network. Together, we will be able to offer even more efficient solutions to our clients and contribute to building the reference platform for business travel in Europe." - Antonio Rosa, founder of SIAP
