Milan-based BizAway has acquired Barcelona's Aervio, a travel management company focused on AI solutions for business travel.
Through the acquisition, BizAway aims to enhance its innovation process, expand its technological tools, and develop its own platform.
Aervio's AI-based tools for travel planning, which use Natural Language Processing (NLP), will contribute to BizAway's service capabilities.
BizAway, founded in 2015, has grown to over 300 employees and completed over 500,000 bookings, experiencing significant growth with over €50M in total funding.