SINGAPORE, Nov. 29, 2024 /PRNewswire/ -- azgo, the latest Singapore-born travel cashback app in Asia, today launched azgoXplore, their new AI-powered price comparison website designed to help global travellers find the best deals across more than a thousand cities worldwide.
The launch was officiated by Mr Desmond Tan, Senior Minister of State, Prime Minister's Office, and Deputy Secretary-General, National Trades Union Congress (NTUC), who marked the occasion with an opening speech, stating, "AI is redefining the tourism and hospitality industry, from our travel plans to attractions, and physical and digital infrastructures. azgo demonstrates how companies are leveraging AI to enhance their operations and deliver value to consumers. It is also important to recognise that AI is transforming jobs and has an impact on the workforce. We are committed to supporting businesses in advancing their AI capabilities and supporting workers to enhance their AI skills through training."
azgoXplore leverages AI and data-driven insights to offer real-time price comparisons for attractions and activities, creating a comprehensive travel planning tool for consumers. Early adopters and partners of the platform include notable regional travel players such as Trip.com, GlobalTix, Ryde, Museum of Ice Cream Singapore, and Wink+. These partners have integrated their offerings into azgoXplore, allowing users to easily access and compare the best deals on a single platform (further details on these collaborations are available in the appendix).
In addition, businesses in the travel ecosystem can collaborate with azgoXplore to develop co-branded white-label solutions that integrate seamlessly into their apps. This integration empowers users to access attraction deals alongside their everyday services, enhancing both convenience and user engagement.
Bridging the attraction gap
azgo launched earlier this year with their travel cashback app, offering a one-stop platform that connects users to top travel brands across multiple segments, including hotels, flights, car rentals, and experiences. With the launch of azgoXplore, the travel technology company aims to empower tech-savvy travellers in search of value-for-money experiences.
azgoXplore also addresses a market gap for a price comparison platform tailored to the attractions and experiences sector. Led by azgo's team hailing from Booking.com and Skyscanner, azgoXplore will first focus on the growth of its attractions and experiences pipeline. Long-term plans include expanding the platform to cover the entire travel journey, from flights to hotels.
Oliver Hua, Advisory Board Member at azgo, shared in his welcome address, "Singapore is a global hub for innovative tourism, always ready for smarter change and optimised experiences, especially in the competitive travel space. By combining azgo's mobile-first rewards offering with our new price comparison platform, we aim to empower travellers to travel smarter – both within Singapore and beyond. The launch of azgoXplore reinforces our commitment to strengthening Singapore's tourism sector."
Hua further added, "We will continue to explore impactful collaborations with our trusted partners, as well as our growing user base, to redefine smart travel for everyone."
Officially launched in Singapore, Hong Kong SAR, Vietnam, Malaysia, and Mainland China, azgo also has its sights set on launching in new markets such as Brazil and the United States.
For more information on azgo, visit azgotrip.com or azgo.ai.
About azgo
azgo is an AI-driven travel rewards and price comparison mobile platform that launched in Singapore in February 2024. Through azgo, users can earn rewards on every trip, including but not limited to cashback, mileage, and shopping points across more than 500 global merchants, from airlines and hotels to trains and in-market tour operators. Users can compare prices and enjoy cashback rewards of up to 20% with every booking in just seven days. azgo also offers azgoXplore, an AI-powered travel price comparison infrastructure that allows travellers to find the best deals across more than 1,000 cities worldwide. Initially focused on real-time pricing comparisons for attractions, activities, and tours, azgoXplore plans to expand to encompass the entire travel journey, including flights and hotels.
For more information, please visit azgotrip.com and azgo.ai/attractions.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
azgo Launches azgoXplore: Transforming Travel with AI-Powered Price Comparison Across 1,000+ Cities
ABU DHABI, UAE and ATHENS, Greece , Nov. 29, 2024 /PRNewswire/ -- Abu Dhabi Future Energy Company PJSC – Masdar ("Masdar"), the UAE's clean energy leader, announced today that it has successfully completed the acquisition of 70% of the outstanding shares of TERNA ENERGY SA (TENERGY.AT) from GEK TERNA SA (GEKTERNA.AT) and other shareholders, and received all regulatory approvals. The deal, agreed at a price of 20 euros per share, valued TERNA ENERGY at an enterprise value of 3.2bn euros, representing the largest ever energy transaction on the Athens Stock Exchange, and one of the largest in the EU renewables industry.
Following the closing of the transaction, Masdar will seek regulatory approvals from the Hellenic Capital Markets Commission (HCNC), for the launch of an all-cash mandatory tender offer ("MTO") to acquire the outstanding shares of TERNA ENERGY.
TERNA ENERGY has been a key player in the renewable energy sector for over two decades, holding the largest and most diversified portfolio in Greece, as well as projects in Bulgaria and Poland. The company owns and operates clean energy projects across wind, solar, biomass and hydro technologies - Greece's renewable energy leader is also building one of the largest pumped hydro projects in Europe, the 680MW Amfilochia project. With TERNA ENERGY currently operating a capacity of 1.2 gigawatts (GW), the acquisition reflects Masdar's confidence in the company's impressive growth potential, targeting 6GW by 2029. TERNA ENERGY will play an important role in enhancing Masdar's portfolio across Europe as it targets 100GW global capacity by 2030 in support of the energy transition.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, commented: "Masdar is proud to become the majority shareholder of TERNA ENERGY, bringing together two energy champions. Our committed vision and long-term capital will unlock significant opportunities for further growth in TERNA ENERGY's expansion as it executes on its strategy to support Greece's renewable energy goals.
"Masdar's acquisition strategy has focused on acquiring not just assets, but investing in exceptional teams. Our ambition is to establish TERNA ENERGY as one of our core regional platforms that will help us deliver on our ambitious targets. I look forward to working with Executive Chairman, Georgios Peristeris, and Chief Executive Officer, Emmanuel Maragoudakis, in support of the energy transition in Greece and Europe."
Georgios Peristeris, Chairman and CEO of GEK TERNA, and Executive Chairman of TERNA ENERGY, said: "Our agreement with Masdar is a reflection of TERNA ENERGY's unparalleled leading role in the green energy transition in Greece as well as in southeastern Europe, a result of our consistent and tireless efforts over the last 25 years to create the largest and fastest growing clean energy platform in our country. Sharing the same vision with Masdar for clean, affordable and domestically produced energy, we look forward to working together towards a future of endless growth possibilities for TERNA ENERGY".
Masdar has retained Rothschild & Co. as sole financial advisor, and Simmons & Simmons, Bernitsas Law, Latham & Watkins as legal advisors, in connection with the transaction and financing.
GEK TERNA Group was supported by Reed Smith LLP and Potamitis Vekris, who were the international and Greek legal advisors for the transaction respectively, while Morgan Stanley has been acting as sole financial advisor to TERNA ENERGY.
For more information please visit: https://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar
About Masdar
Masdar (Abu Dhabi Future Energy Company) is one of the world's fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transition and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 31.5 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.
Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.
About TERNA ENERGY
TERNA ENERGY, has been a key player in the renewable energy sector for over two decades, holding the largest and most diversified portfolio of projects in Greece, with 2,500 MW in operation, under construction and ready for construction. TERNA ENERGY's installed capacity currently stands at 1,224 MW, while TERNA ENERGY is continuing seamlessly with its investment plan, aiming to approach a total installed capacity of 6 GW by 2029. TERNA ENERGY (www.terna-energy.com) is listed on the Athens Stock Exchange.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Masdar Closes Deal to Acquire TERNA ENERGY Announces Goal to Supercharge Growth in Greece and Eastern Europe
