German member firm Schalast advised RateGain Technologies Limited, UK on its 100 percent acquisition of myhotelshop GmbH.
The India based RateGain group is a leading provider of cloud-based innovative solutions for the travel and hospitality industry and has entered into a definitive agreement to acquire myhotelshop, the transaction having been completed last week.
Myhotelshop is an e-commerce service provider that enables hotels with their own official hotel website to be present where customers are searching for hotels: This includes classic search engines such as Google as well as price comparison sites for hotels like Google hotel Ads, trivago, kayak or tripadvisor. Myhotelshop supports hoteliers with the technical set-up and actively manages online marketing campaigns, which saves customers time and also significantly increases campaign success.
Together, myhotelshop and RateGain will now offer hotels the ability to reach more customers at higher returns.
Schalast Law | Tax (Frankfurt): Corporate/M&A Gregor Wedell, Sven Bösing, Franz Badelt; IP/IT Florian Frisse; Employment Agnes Wobben.
Schalast was introduced to RateGain via Multilaw, specifically by the India Desk of Shakespeare Martineau, one of our member firms in the UK.