Creador, the Singapore-based travel tech firm, has announced its acquisition of Indonesia's MG Group, a prominent tour operator in Southeast Asia. The deal is expected to bolster Creador's presence in the region and further solidify its position as a major player in the global travel industry.
MG Group, which operates under several brands including Traveloka, Trip.com, and other online travel agencies, has a strong network of connections across Southeast Asia and beyond. By acquiring MG Group, Creador is gaining access to this extensive network, as well as a significant portfolio of travel businesses that cater to the region's rapidly growing middle class.
The acquisition is also seen as an opportunity for Creador to expand its presence in key markets such as China, India, and Southeast Asia. Traveloka, which was founded by Creda Group in 2014, has already established a significant presence in these regions, with over 100 million registered users across the globe.
Creda Group's CEO, Chen Xiang, expressed his enthusiasm about the acquisition, stating that it will help the company to accelerate its growth strategy and further expand its services to more markets. "This strategic partnership will enable us to tap into the vast potential of the Southeast Asian market and bring our cutting-edge travel technology to more users," he said.
The deal also marks a significant milestone for Creador, which has been steadily growing its presence in the region over the past few years. With this acquisition, the
company is expected to become one of the largest players in Southeast Asia's online travel industry.
MG Group's CEO, Chandra Yogi Darmawan, also welcomed the acquisition, stating that it will help the company to further grow its business and expand its services to more markets. "We are excited about this new chapter for our company, and we look forward to working closely with Creador to drive growth and innovation in the region," he said.
The acquisition is expected to have a significant impact on the travel industry in Southeast Asia, where online travel agencies are increasingly becoming popular among tourists. With Creador's cutting-edge technology and MG Group's extensive network, the two companies are poised to make big moves in the European and Middle Eastern markets, where they expect to tap into new growth opportunities.
As the global travel industry continues to evolve, Creador's acquisition of MG Group is seen as a strategic move that will help the company to stay ahead of the curve. With its significant resources and expertise, Creador is well-positioned to drive growth and innovation in the region, and further establish itself as a major player in the global travel industry.
The deal also highlights the growing importance of Southeast Asia in the global economy, where the region's tourism sector is expected to continue growing in the coming years. With Creador's acquisition of MG Group, the company is poised to play an increasingly significant role in shaping the future of travel in the region.