India, Feb. 14 -- Travel tech major ixigo's subsidiary IXIGO PTE has announced its expansion into Europe through two stake acquisitions - Spain-based train OTA platform Trenes and AI company Sqaas.

As per the listed company, the subsidiary is acquiring 60% stake Trenes for €11.7 Mn (about Rs.125 Cr ), and 45.02% stake in Sqaas for €450K (Rs.4.8 Cr). Both transactions are expected to close before March 31, 2026, subject to regulatory approvals.

Founded in 2013, Trenes runs an online platform for train ticket bookings, primarily serving the Spanish market, with a presence in select parts of Southern Europe. As per ixigo, the Trenes platform is the second-largest train OTA in Spain and reported CY25 revenue of about €5.5 ...