Announced

Completed

Wirtualna Polska completed the acquisition of Invia Group from Roackaway and CITIC-backed European Travel Bridge for €239.7m.

Synopsis

Wirtualna Polska, a technology holding company, completed the acquisition of Invia Group, an online travel agency, from Rockaway, an investment group focused on Internet businesses, and CITIC Europe Holdings (CITIC Europe), a group platform company-backed European Bridge Travel, an operator of a travel agency, for €239.7m. "We are completing the largest international transaction in the history of WP and beginning a new chapter: building a European tourism group for the next generation. We combine the strength of trusted local brands with our approach to technology and marketing. The scale we have achieved positions us to compete effectively with international platforms. While global players are investing heavily to capture Europe’s tourism market, we are responding with proven business models, agile decision-making and the competencies of the best leaders ready to achieve success together," Jacek Świderski, WP Holding CEO.

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MergerLinks - Wirtualna Polska completed the acquisition of Invia Group from Roackaway and CITIC-backed European Travel Bridge for €239.7m.