MergerLinks Header Logo

Announced

Wirtualna Polska to acquire Szallas Group for €82m.

Synopsis

Wirtualna Polska, a provider of online travel and tourism services, agreed to acquire Szallas Group, an operator of travel portals for booking accommodations, for €82m. “The acquisition of Szallas Group is our first foreign investment and a groundbreaking moment in the history of Wirtualna Polska Holding. Following the merger with our own Nocowanie.pl, the largest group will be created of local companies operating on the domestic accommodation markets of Central and Eastern Europe, offering over 100,000 accommodation options. We are extremely impressed with the competences of József and his team, as they have demonstrated how to run a successful business in competition against global platforms on the local market. We also believe in the potential behind the travel industry as a whole. This has been confirmed by the financial performance of Nocowanie.pl, which posted record-breaking revenues in its history in Q2 2022,” Jacek Świderski, Wirtualna Polska CEO.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US