eTRAVELi acquires its largest competitor Travelstart
eTraveli has announced that they have acquired their largest competitor, Travelstart. The acquisition will further strengthen the group´s portfolio of brands.
Internet travel agency group European Travel Interactive (eTRAVELi), part of Norvestor´s portfolio, continues their expansion in the Nordic travel market with their latest acquisition. The group is now also open for additional consolidation in Europe. With this acquisition, the group expects to sell travel worth SEK 5 billion in 2010.
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| Fund | Norvestor IV Argentum share 36% |
| Portfolio Company | European Travel Interactive |
| Date of Transaction | 2010-01-20 |
| Transaction | Add-on |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | Consumer |
| Geography | Sweden |
| Stage | Small/mid-cap buyout |