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[8-K] Procore Technologies, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

trivago N.V. filed a Form 6-K disclosing that on 31 July 2025 it closed the acquisition of Holisto Limited, an AI-driven hotel-rate aggregator and white-label booking-engine provider.

trivago purchased all remaining equity for ≈ €22.3 million (US$25.5 million); Holisto is now a wholly-owned, consolidated subsidiary. The deal brings 211 employees, a merchant-of-record capability for hotel bookings, and technology that complements trivago’s metasearch platform.

No financial performance metrics, funding details, or post-deal guidance were provided. Future results will include Holisto’s operations; integration execution and synergy capture are key uncertainties for investors.

trivago N.V. ha presentato un modulo 6-K comunicando che il 31 luglio 2025 ha completato l'acquisizione di Holisto Limited, un aggregatore di tariffe alberghiere basato su intelligenza artificiale e fornitore di motori di prenotazione white-label.

trivago ha acquistato la totalità delle azioni residue per circa 22,3 milioni di euro (25,5 milioni di dollari USA); Holisto è ora una controllata consolidata interamente posseduta. L'accordo porta con sé 211 dipendenti, una capacità di merchant-of-record per le prenotazioni alberghiere e una tecnologia che integra la piattaforma metasearch di trivago.

Non sono stati forniti dati sulle performance finanziarie, dettagli sul finanziamento né indicazioni post-operazione. I risultati futuri includeranno le operazioni di Holisto; l'esecuzione dell'integrazione e la cattura delle sinergie rappresentano le principali incertezze per gli investitori.

trivago N.V. presentó un formulario 6-K informando que el 31 de julio de 2025 finalizó la adquisición de Holisto Limited, un agregador de tarifas hoteleras impulsado por IA y proveedor de motores de reserva white-label.

trivago compró todas las acciones restantes por ≈ 22,3 millones de euros (25,5 millones de dólares estadounidenses); Holisto es ahora una subsidiaria consolidada de propiedad total. El acuerdo aporta 211 empleados, una capacidad de merchant-of-record para reservas hoteleras y tecnología que complementa la plataforma de metabúsqueda de trivago.

No se proporcionaron métricas financieras, detalles de financiamiento ni guías posteriores al acuerdo. Los resultados futuros incluirán las operaciones de Holisto; la ejecución de la integración y la captura de sinergias son incertidumbres clave para los inversores.

trivago N.V.는 2025년 7월 31일에 AI 기반 호텔 요금 집계 및 화이트라벨 예약 엔진 제공업체인 Holisto Limited의 인수를 완료했다고 Form 6-K를 통해 공시했습니다.

trivago는 남은 지분 전부를 약 2,230만 유로(2,550만 미국 달러)에 매입했으며, Holisto는 현재 완전 자회사로 통합되었습니다. 이번 거래로 211명의 직원, 호텔 예약을 위한 merchant-of-record 기능, 그리고 trivago의 메타검색 플랫폼을 보완하는 기술을 확보했습니다.

재무 성과 지표, 자금 조달 세부사항 또는 거래 후 가이던스는 제공되지 않았습니다. 향후 실적에는 Holisto의 운영이 포함되며, 통합 실행과 시너지 확보가 투자자들에게 중요한 불확실성으로 남아 있습니다.

trivago N.V. a déposé un formulaire 6-K révélant que le 31 juillet 2025, elle a finalisé l'acquisition de Holisto Limited, un agrégateur de tarifs hôteliers piloté par IA et fournisseur de moteur de réservation en marque blanche.

trivago a acheté toutes les parts restantes pour environ 22,3 millions d'euros (25,5 millions de dollars US) ; Holisto est désormais une filiale consolidée à 100 %. L'accord apporte 211 employés, une capacité de merchant-of-record pour les réservations d'hôtels, ainsi qu'une technologie qui complète la plateforme de métarecherche de trivago.

Aucune donnée financière, détail de financement ou orientation post-transaction n'a été fournie. Les résultats futurs incluront les opérations de Holisto ; l'exécution de l'intégration et la réalisation des synergies restent des incertitudes majeures pour les investisseurs.

trivago N.V. hat in einem Formular 6-K bekanntgegeben, dass am 31. Juli 2025 die Übernahme von Holisto Limited abgeschlossen wurde, einem KI-gesteuerten Hotelpreis-Aggregator und Anbieter von White-Label-Buchungsmaschinen.

trivago erwarb alle verbleibenden Anteile für ca. 22,3 Millionen Euro (25,5 Millionen US-Dollar); Holisto ist nun eine vollständig konsolidierte Tochtergesellschaft. Der Deal bringt 211 Mitarbeiter, eine Merchant-of-Record-Funktion für Hotelbuchungen und Technologie, die trivagos Metasuchplattform ergänzt.

Es wurden keine finanziellen Leistungskennzahlen, Finanzierungsdetails oder Prognosen nach dem Deal veröffentlicht. Zukünftige Ergebnisse werden Holistos Geschäftstätigkeit einschließen; die Umsetzung der Integration und das Erreichen von Synergien sind wesentliche Unsicherheiten für Investoren.

Positive
  • Strategic technology boost: AI-driven aggregation and merchant-of-record capabilities can expand revenue streams beyond metasearch CPC.
  • Limited financial risk: €22.3 m purchase price is small relative to trivago’s market value and cash position, containing downside.
Negative
  • Integration uncertainty: Success depends on effectively merging Holisto’s platform and workforce with trivago’s operations.
  • No financial disclosure: Filing omits Holisto revenue, profitability, or projected synergies, making ROI assessment difficult.

Insights

TL;DR – Small, strategic tech tuck-in; limited near-term P&L impact.

The €22.3 m price tag suggests a modest 1–2 % of TRVG’s market cap, implying manageable balance-sheet risk. Holisto supplies full-stack booking and merchant-of-record functionality that can boost take-rate on direct bookings and de-risk dependence on metasearch CPC revenue. Consolidation should be straightforward given Holisto’s 211-person footprint, but value creation hinges on cross-selling and tech integration. Absent disclosed revenue or EBITDA, the accretion timeline is unclear, warranting a neutral impact rating.

TL;DR – Adds AI capability; watch for execution.

Strategically, AI-powered rate aggregation enhances user relevance and could bolster conversion, supporting TRVG’s pivot toward transaction-based revenue. However, lack of disclosed synergies, purchase-price allocation, or funding source limits visibility into ROI. Given modest deal size, dilution risk is negligible but upside is unquantified. Overall share-price impact likely muted until operational metrics show lift.

trivago N.V. ha presentato un modulo 6-K comunicando che il 31 luglio 2025 ha completato l'acquisizione di Holisto Limited, un aggregatore di tariffe alberghiere basato su intelligenza artificiale e fornitore di motori di prenotazione white-label.

trivago ha acquistato la totalità delle azioni residue per circa 22,3 milioni di euro (25,5 milioni di dollari USA); Holisto è ora una controllata consolidata interamente posseduta. L'accordo porta con sé 211 dipendenti, una capacità di merchant-of-record per le prenotazioni alberghiere e una tecnologia che integra la piattaforma metasearch di trivago.

Non sono stati forniti dati sulle performance finanziarie, dettagli sul finanziamento né indicazioni post-operazione. I risultati futuri includeranno le operazioni di Holisto; l'esecuzione dell'integrazione e la cattura delle sinergie rappresentano le principali incertezze per gli investitori.

trivago N.V. presentó un formulario 6-K informando que el 31 de julio de 2025 finalizó la adquisición de Holisto Limited, un agregador de tarifas hoteleras impulsado por IA y proveedor de motores de reserva white-label.

trivago compró todas las acciones restantes por ≈ 22,3 millones de euros (25,5 millones de dólares estadounidenses); Holisto es ahora una subsidiaria consolidada de propiedad total. El acuerdo aporta 211 empleados, una capacidad de merchant-of-record para reservas hoteleras y tecnología que complementa la plataforma de metabúsqueda de trivago.

No se proporcionaron métricas financieras, detalles de financiamiento ni guías posteriores al acuerdo. Los resultados futuros incluirán las operaciones de Holisto; la ejecución de la integración y la captura de sinergias son incertidumbres clave para los inversores.

trivago N.V.는 2025년 7월 31일에 AI 기반 호텔 요금 집계 및 화이트라벨 예약 엔진 제공업체인 Holisto Limited의 인수를 완료했다고 Form 6-K를 통해 공시했습니다.

trivago는 남은 지분 전부를 약 2,230만 유로(2,550만 미국 달러)에 매입했으며, Holisto는 현재 완전 자회사로 통합되었습니다. 이번 거래로 211명의 직원, 호텔 예약을 위한 merchant-of-record 기능, 그리고 trivago의 메타검색 플랫폼을 보완하는 기술을 확보했습니다.

재무 성과 지표, 자금 조달 세부사항 또는 거래 후 가이던스는 제공되지 않았습니다. 향후 실적에는 Holisto의 운영이 포함되며, 통합 실행과 시너지 확보가 투자자들에게 중요한 불확실성으로 남아 있습니다.

trivago N.V. a déposé un formulaire 6-K révélant que le 31 juillet 2025, elle a finalisé l'acquisition de Holisto Limited, un agrégateur de tarifs hôteliers piloté par IA et fournisseur de moteur de réservation en marque blanche.

trivago a acheté toutes les parts restantes pour environ 22,3 millions d'euros (25,5 millions de dollars US) ; Holisto est désormais une filiale consolidée à 100 %. L'accord apporte 211 employés, une capacité de merchant-of-record pour les réservations d'hôtels, ainsi qu'une technologie qui complète la plateforme de métarecherche de trivago.

Aucune donnée financière, détail de financement ou orientation post-transaction n'a été fournie. Les résultats futurs incluront les opérations de Holisto ; l'exécution de l'intégration et la réalisation des synergies restent des incertitudes majeures pour les investisseurs.

trivago N.V. hat in einem Formular 6-K bekanntgegeben, dass am 31. Juli 2025 die Übernahme von Holisto Limited abgeschlossen wurde, einem KI-gesteuerten Hotelpreis-Aggregator und Anbieter von White-Label-Buchungsmaschinen.

trivago erwarb alle verbleibenden Anteile für ca. 22,3 Millionen Euro (25,5 Millionen US-Dollar); Holisto ist nun eine vollständig konsolidierte Tochtergesellschaft. Der Deal bringt 211 Mitarbeiter, eine Merchant-of-Record-Funktion für Hotelbuchungen und Technologie, die trivagos Metasuchplattform ergänzt.

Es wurden keine finanziellen Leistungskennzahlen, Finanzierungsdetails oder Prognosen nach dem Deal veröffentlicht. Zukünftige Ergebnisse werden Holistos Geschäftstätigkeit einschließen; die Umsetzung der Integration und das Erreichen von Synergien sind wesentliche Unsicherheiten für Investoren.

false000161105200016110522025-07-312025-07-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________________________________________
FORM 8-K
___________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 31, 2025
___________________________________________________
Procore Technologies, Inc.
(Exact name of Registrant as Specified in Its Charter)
___________________________________________________
Delaware001-4039673-1636261
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)(IRS Employer
Identification No.)
6309 Carpinteria Avenue Carpinteria, CA
93013
(Address of Principal Executive Offices)(Zip Code)
Registrant’s Telephone Number, Including Area Code: (866) 477-6267
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
___________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol(s)
Name of each exchange on which registered
Common stock, $0.0001 par valuePCORThe New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02 Results of Operations and Financial Condition.
On July 31, 2025, Procore Technologies, Inc. (the “Company”) issued a press release announcing its results for the fiscal quarter ended June 30, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in each item of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The exhibit listed below is being furnished with this Current Report on Form 8-K.
Exhibit
Number
Description
99.1
Press Release dated July 31, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
______________________________



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Procore Technologies, Inc.
Date: July 31, 2025
By:/s/ Benjamin C. Singer
Benjamin C. Singer
Chief Legal Officer and Corporate Secretary

FAQ

What transaction did trivago (TRVG) report in its July 2025 Form 6-K?

trivago closed the acquisition of Holisto Limited, making it a wholly owned subsidiary.

How much did trivago pay for Holisto?

The deal consideration was approximately €22.3 million (US$25.5 million).

What does Holisto do?

Holisto is an AI-driven travel technology platform that aggregates hotel rates and offers a white-label booking engine.

How many employees come with the Holisto acquisition?

trivago will add 211 employees located in Israel and other global offices.

Does the filing include earnings guidance or expected synergies?

No. The Form 6-K does not disclose Holisto’s financials or projected synergies.

When did the acquisition close?

The transaction closed on 31 July 2025.
Procore Technologies Inc

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