Travel and expense management specialist Traveldoo has been put up for sale by current owner Expedia Group.
Online travel giant Expedia has also admitted that it has started a consultation with Traveldoo workers over a possible closure of the business if a buyer cannot be found.
France-based Traveldoo was set up in 2000 and was acquired by Expedia’s business travel arm Egencia in 2011. But Traveldoo was not part of the deal that saw American Express Global Business Travel acquire Egencia last year.
Amex GBT already has its own expense and travel tool, Neo, after acquiring one of Traveldoo’s main competitors KDS in 2016.
An Expedia Group spokesperson told BTN Europe: “We can confirm that on 11 April, Traveldoo started a process to search for a buyer and, in case we are unable to sell the business, we have also initiated a Works Council consultation on a proposal to cease the Traveldoo business.
“As the Works Council process is ongoing, we cannot provide any additional information at this time.”
Traveldoo has more than 4,500 customers across the world, according to its website, and the brand’s expense and travel tools have been deployed in 65 countries. Even if it cannot find a new owner, Traveldoo plans to continue operating and maintaining support for its products until July 2023.