Expedia enters into agreement to acquire CarTrawler

Expedia (EXPE) Group announced that it has entered into an agreement to acquire CarTrawler. “The CarTrawler acquisition is another huge, exciting step towards our ambition of building the most complete B2B travel platform,” said Alfonso Paredes, President B2B & Chief Commercial Officer, Expedia Group. “Last year, Expedia Group B2B set out a bold vision to expand our APIs beyond lodging. Acquiring Tiqets helped us solve for activities at scale. Adding CarTrawler now extends that same strategy into car rentals, ground transport and Insurtech. CarTrawler’s focus and differentiated expertise in these areas complements our strengths in B2B scale and technology, enabling us to massively amplify our joint value proposition to partners, suppliers, and travelers.”