The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the proposed acquisition of the share capital of Internet Tourism Solutions, S.L. by Hoist Group Spain, S.A.U..
Hoist Group Spain, S.A.U. is a company duly registered in accordance with the laws of Spain. The Hoist Group, which owns Hoist Group Spain, S.A.U., is a hospitality partner for hotels and public activities, which provides high-speed internet access solutions, conference services, a Hotel Property Management System and back-office software, as well as other amenities aimed at visitors.
Internet Tourism Solutions, S.L. (hereinafter referred to as "ITS") is a company duly registered in accordance with the laws of Spain. ITS is the holding company of Avantio, Inc..
Avantio is a company duly registered under the laws of Delaware, United States of America. Avantio is active in the design and sale of property management software for owners of vacation rental properties (e.g. apartments and villas). This software allows owners of rented rooms for leisure purposes to manage reservations made by customers across third-party booking platforms, such as AirBnB, Booking.com and Expedia, as well as to schedule arrival (check-in), cleaning and maintenance.