Announced
Financials
Tags
Single Bidder
Friendly
Travel and Tourism
travel agents
Sweden
Majority
Acquisition
Cross Border
Private Equity
Pending
Private
Synopsis
Booking Holdings, an online travel agency, agreed to acquire Etraveli Group, a global technology provider for flights, from CVC Capital for $1.84bn. Completion of the acquisition is subject to certain closing conditions, including regulatory approval. "Booking Holdings pioneered the travel space more than two decades ago and they continue to pave the path forward by developing solutions to create seamless travel experiences. Today is a day of recognition, as well as marking a new phase in our relentless urge to improve further. We are thrilled to become a part of Booking Holdings, and we look forward to the next chapter of our own development as we continue to enhance the flight booking experience for our customers and partners worldwide," Mathias Hedlund, Etraveli CEO.
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