CarTrawler acquires travel insurtech business

CarTrawler Expands Reach with Koala Acquisition

CarTrawler, a B2B technology platform specializing in car rental and mobility solutions, has acquired Koala, a travel insurtech company based in Paris. The terms of the deal were not disclosed, but this marks a significant step for CarTrawler as it continues to enhance its offerings in the global travel industry.

Key Details of the Acquisition

In 2024, CarTrawler reported revenues of €172 million, along with a 14% increase in car booking volumes compared to the previous year. The company has shown commitment to growth, investing €8 million into its business to support ongoing initiatives. The acquisition of Koala is expected to complement CarTrawler’s existing services by integrating travel insurance options into its platform.

Implications for the Industry

This acquisition highlights a growing trend in the travel sector, where technology and insurance solutions are becoming increasingly intertwined. For CarTrawler, adding Koala’s services will likely provide enhanced value to its clients while tapping into the lucrative travel insurance market.

Travelers often seek seamless services, from booking a car to ensuring they are covered during their journey. By incorporating insurance solutions into its offerings, CarTrawler aims to provide a more comprehensive travel experience, which could attract a wider customer base.

Conclusion

The move represents CarTrawler's strategic efforts to position itself as a more robust player in the travel technology space. As the company continues to grow, it will be interesting to see how the integration of Koala’s services develops and what it means for both customers and business partners.

Original Source: https://www.techcentral.ie/cartrawler-acquires-travel-insurtech-business/