Skip to content

Allen & Overy advises TripActions on the acquisition of Comtravo

Related people
Press contacts

For media enquiries relating to this topic, please contact:

Headlines in this article

Related news and insights

Publications: 05 April 2024

National Security Division Announces New Self-Disclosure Policy in M&A Transactions

Publications: 04 April 2024

Integrating Sustainability: Luxembourg's Legal Advancements with the CSRD

News: 03 April 2024

Allen & Overy’s Scott Cockerham on tax insurance in green energy credit deals

Publications: 03 April 2024

The growing role for CLOs in restructurings

Allen & Overy has advised TripActions, a company for travel, corporate card and expense management based in Palo Alto, California, on the acquisition of all shares in Berlin-based Comtravo GmbH (Comtravo). 

The deal closed on 21 February 2022.

Comtravo is recognized as one of the market-leading and fasted growing travel management companies serving the German, Austrian, and Swiss (DACH) and Scandinavian regions. This transaction marks the second Europe-based acquisition for TripActions, with the total investment across the United Kingdom and Europe exceeding USD 400 million in less than a year.

Comtravo brings to TripActions not only a wealth of regional expertise, but also technology, including domestic rail or low-cost carriers, while localised support will double the number of agents available to assist travelers in Europe. With this acquisition, the group is further expanding its position in German-speaking countries and in Europe.

Combined, the TripActions Group will now support more than 7,500 customers and manage nearly USD 6 billion in total travel budget across more than 94 countries - with half of the group’s business in Europe and the UK.

The Allen & Overy team was led by partner Dr Alexander Veith and associate Linda Mayer (both Corporate/M&A, Munich). The team further comprised partner Dr Heike Weber (Tax, Frankfurt), senior associates Catharina Glugla (Data Protection), Anna Kräling (IP, both Düsseldorf) as well as associates Dr Manuel Köchel (Tax, Frankfurt), Merle Herrmann (Employment, Hamburg), Martin Sturm (Public Law, Frankfurt) and Sebastian Hanke (Banking & Finance, Munich).