METRO Markets to acquire trivago’s Palma development center
METRO Markets is a B2B online market place offering a variety of non-food products for the hotel, restaurant and catering (HoReCa) industry. Under the terms of the deal, METRO Markets will acquire 100% of the shares in trivago Spain SLU and take over the development center in Palma with approximately 60 employees.
“Earlier in the year we decided to streamline our office setup and consolidate our teams in our Düsseldorf headquarters. We are very excited to have found an agreement with an innovative, like-minded company that allows our employees to continue to work as one team and remain in our offices in Palma.” said
“The acquisition of the development center in Palma is a unique opportunity for us to increase our footprint by adding an experienced team with a similar tech culture to ours,” added,
The transaction will be effective
trivago is a leading global accommodation search platform focused on reshaping the way travelers search for and compare hotels and alternative accommodations. Incorporated in 2005 in Düsseldorf, Germany, the platform allows travelers to make informed decisions by providing them access to a deep supply of accommodation information and options from hundreds of websites. trivago enables its advertisers to grow their businesses by providing access to a broad audience of travelers via its websites and apps. As of March 31, 2020, trivago has established 54 localized platforms connected to over 4.5 million hotels and alternative accommodations, in over 190 countries.
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