Wego, the online travel company headquartered in Dubai and Singapore, has completed its acquisition of Travelstop, a business travel and expense management platform. This strategic move is aimed at harnessing opportunities in the business travel sector.
In this partnership, both Wego and Singapore-based Travelstop will pool their resources and expertise. Travelstop will gain access to Wego’s extensive regional network, while Wego will extend its presence in the business travel and expense management domain.
While the exact financial details of the acquisition were not disclosed, Wego emphasized that this collaboration will play a vital role in advancing the travel industry across the Middle East and Asia-Pacific regions.
Ross Veitch, the CEO and co-founder of Wego, expressed the company’s vision, stating, “This strategic move is in line with our vision of offering comprehensive travel solutions to businesses in the region. Together, Travelstop and Wego will empower businesses to streamline their travel and expense management processes, introducing new levels of convenience and cost-efficiency.”
Source: The National News
Featured News
European Music Streaming Firms Rally Against Apple’s Proposed Remedies
May 9, 2024 by
CPI
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI