According to multiple media outlets, ixigo has authorised the purchase of a 60% interest in Online Travel Solutions, a company established in Spain. This sale will mark ixigo’s first significant international expansion. The binding agreements for the transaction, estimated at €11.70 million (more than INR 125 crore), have been authorised by the company’s board of directors.Trenes, the second-largest train booking platform in Spain, is run by Online Travel Solutions. With this acquisition, ixigo will be able to strategically join the European rail sector, which is often considered the world standard for high-speed and integrated rail travel. The rail network in Spain extends across thousands of km, with many high-speed lines linking major cities.How will this Acquisition Benefit ixigo?Through the acquisition of a controlling shareholding, ixigo aims to broaden its business outside its primary operations in India and increase its presence on a global scale. This investment is made so that ixigo’s technological prowess and Trenes’s well-established clientele and brand recognition can work together. ixigo also has strong relationships with local rail operators.In order to streamline the management of complicated trip plans, pricing algorithms, and large amounts of transactions, the company has created digital tools. The Gurugram-based company is making a…  ​Read MoreStartupTalky- Business News, Insights and Stories

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