Travel management specialist BizAway has acquired Aervio, a Spain-based travel management company offering artificial intelligence driven solutions.

Terms of the deal have not been disclosed but a statement from BizAway said the deal would boost its innovation process and existing technological solutions.

BizAway, which was founded in 2015 and is also based in Spain, said most of Aervio’s team would join the company adding to its existing workforce of more than 360 employees.

The statement also said that Aervio, which was founded in 2016, had established its presence in the market through the development of AI-powered business travel optimization technology.

The company’s platform uses natural language processing to fulfill requests and claims to reduce search, booking and billing time by 90%.

“This acquisition marks an important step in our growth and innovation strategy,” said Luca Carlucci, co-founder and CEO of BizAway.

“In an ever-changing industry like business travel, artificial intelligence represents a key opportunity. However, we strongly believe that technology must go hand in hand with the centrality of the human factor, especially in the area of customer assistance: this is why we will continue to invest in order to offer the best service with empathetic and competent support that is close to the real needs of companies and travelers.”

“I truly believe in BizAway’s vision of delivering the future of travel, and I’m proud that Aervio’s technology, team and expertise can contribute to that journey,” said Santiago Montero de Quadras, CEO of Aervio.

BizAway announced a $35 million investment from Mayfair Equity Partners in September 2024. In 2023, the company acquired the business travel division of Next Generation Travel and secured €10 million in funding.