Air services provider dnata has obtained Germany-based tour operator Tropo from ProSiebenSat.1 Group, it was reported on Thursday, marking dnata’s first entry into the German market.
The purchase agreement also involves TV media volume worth many million euros for 2018 and 2019. Both parties have assented to not reveal the information of the acquisition, which is yet subject to the approval of antitrust authorities.
Tropo specialises in low-cost, last-minute holidays and hotel reservations, high-quality travel packages with up to 200 million vacation choices being provided every day. ProSiebenSat.1 has held a great stake in Tropo from 2012.
Divisional senior vice president for travel services of dnata, Iain Andrew said, “This acquisition enables us to enter the important and valuable German travel market, and enhances our portfolio of travel services in Europe. We see potential for significant synergies between Tropo and our other travel businesses around the world to provide very attractive and unique offerings to inbound and outbound travellers to and from Germany.”
Chief financial officer of ProSiebenSat.1, Dr Jan Kemper, mentioned that the company is “pleased to have found dnata as a very experienced buyer for Tropo which will operate on the further development of Tropo close to the own business model.”
He even said, “At the same time, with this disposal we successfully complete the strategic review of our travel segment. We will henceforth concentrate on the further expansion of our activities with the NuCom Group in the Commerce segment.”
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