CitizenPlane to acquire a 97.63% stake in Travel Technology Interactive for €17.8m.

Synopsis

CitizenPlane, a distressing tool helping airlines and tour-operators to sell their leftover seats online, agreed to acquire a 97.63% stake in Travel Technology Interactive, a global IT provider to the airline industry, for €17.8m.

Principals

target

Travel Technology Interactive

bidder

Citizenplane

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Market Context

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Seller Team (1)

grégoire echalier

Chairman and CEO at TRAVEL TECHNOLOGY INTERACTIVE

Manager

target

Deals

£ 15 M

Total Value

Bidder Team (1)

charles rajjou

Co-Founder and CEO at CITIZENPLANE SAS

Manager

bidder

Deals

£ 15 M

Total Value

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