Booking Holdings Inc. has acquired the flight booking and technology provider Etraveli Group from CVC Capital Partners and other minority sellers for approximately EUR 1.63 billion.
Etraveli’s consumer-facing online travel agency brands include Gotogate, Supersaver, Mytrip and FlightNetwork. Etraveli also provides flight search, booking and fulfilment services to, among others, Google Flights, Skyscanner, KAYAK and Booking.com, and operates airline integration and interlining platform TripStack. Completion of the acquisition is subject to certain closing conditions, including regulatory approval. Etraveli will remain headquartered in Sweden and operate as an independent business under Booking, led by their current management team.
Mannheimer Swartling advised Booking and Slaughter and May on Swedish legal matters in connection with the transaction.