Wirtualna Polska to acquire Szallas Group for €82m.

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.