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New Deal


Announced

Mondee Holdings to acquire Rocketrip.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Domestic

Pending

Majority

Acquisition

Single Bidder

travel management tools

Private

United States

Corporate Travel Services

Synopsis

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Mondee Holdings, a travel technology group, agreed to acquire Rocketrip, a behavior change technology solution for global business travel programs. Financial terms were not disclosed. "Aligning the needs of travelers with the company is no longer an option but a necessity in this new travel environment. By leveraging Mondee's technology experience and global infrastructure, we will be able to scale Rocketrip's reach like never before. The travel ecosystem and needs of travel managers are evolving faster than ever, and this will ensure we can continue to deliver innovative functionality to meet those needs," Dan Ruch, Rocketrip Founder and CEO.

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