Permira completed the $140m investent in Hotel Engine.

Permira, a British global investment firm, completed the $140m investent in Hotel Engine, a travel tech company. “Hotel bookings will always be in our DNA, but we’re out to transform the entire travel experience. We want to become the engine of business travel. Our new name will reflect that, and with Permira’s latest investment, we’ll be better positioned than ever to turn our ambitions into reality,” Elia Wallen, Hotel Engine CEO.