European business travel and expense management solutions company Etap-On-Line has been sold.
The Paris-based business has been acquired for an undisclosed sum by employee spend management company Concur.
Etap-On-Line co-founder Pierre Higelin said: “The combination of two strong organisations with deeply similar values and approaches makes enormous strategic sense, and will create enhanced opportunities for customers, partners and employees.
“For Etap-On-Line, this combination represents the next step in the company’s continued commitment to helping clients better manage travel and expense.”
Concur chairman and CEO Steve Singh said: “This acquisition is one more step in Concur’s ongoing commitment to providing both global and local leadership to the travel and expense industry.”
by Phil Davies
