Mergers & Acquisitions
Black Swan acquires Lyric Hospitality to expand luxury rental reach
Black Swan Holdings LLC, has acquired the Lyric brand to complement the real estate strategy of its asset manager, Black Swan Asset Management LLC,
Avia Solutions Group acquires ACMI and Charter Airline AirExplore
Avia Solutions Group, the world’s largest ACMI (aircraft, crew, maintenance, and insurance) provider, has acquired the Slovak ACMI and charter airline AirExplore.
YACHTELEC acquired by AMARIX group to strengthen turnkey super yacht solutions
Ship repair and maintenance group AMARIX, the owner of MACOR and ETI Services companies, has acquired a 100% stake in French electrical and electromechanical services company YACHTELEC.
Belleair acquired by owners of JTA Travel Group
Malta Specialist trade brand “Belleair Holidays” has been acquired by Alfendo Limited the parent company of JTA Travel Group.
Travel Counsellors acquires Holidaysplease
Travel Counsellors, the UK’s largest and fast-growing technology platform for travel entrepreneurs, announces the acquisition of Holidaysplease, a network of specialist travel advisors.
Travelport acquires Deem
Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, announced the acquisition of Deem, a leading corporate travel management platform.
Travelsoft acquires Spain’s Travel Compositor
Travel Software-as-a-Service (SaaS) group Travelsoft has announced the acquisition of B2B booking engine provider to travel companies, Travel Compositor, as part of the group’s strategy to become the world’s leading travel SaaS.
TBO acquires the remaining stake in BookaBed
TBO Tek Limited ("TBO") announced that its wholly owned subsidiary, Tek Travels DMCC, has acquired the remaining stake in BookaBed AG ("BookaBed").
Benefits and pitfalls in Flight Centre USD 220m luxury deal with Scott Dunn
Flight Centre’s USD220 million buyout of luxury travel agency Scott Dunn has prompted analysts to forecast strategic benefits while warning of potential pitfalls, such as a post-COVID-19 sugar rush for top-end trips diminishing.
RateGain to acquire Adara
RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality announced that it has entered into a definitive agreement to acquire Adara Inc. (Adara) through an asset purchase agreement.
SIHOT acquires Pos Hardware company
SIHOT, one of the world’s modular hotel management systems with over 3,500 installations, has acquired ADDIPOS to expand its hardware portfolio in the hospitality market.
EaseMyTrip to acquire air charter service provider Nutana Aviation
EaseMyTrip will invest in and acquire Gujarat’s GIFT city-based Nutana Aviation. The acquiree company is in the business of offering charter solutions to clients in India and abroad.
Hyatt to acquire Dream Hotel Group
Hyatt Hotel Corporation and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including the Dream Hotels, The Chatwal Hotels and Unscripted Hotels brands, with properties in some of the world’s most prominent hotel markets across the Americas, Europe and Asia.
SIA and TATA to merge Air India and Vistara
Singapore Airlines (SIA) and Tata Sons (Tata) have agreed to merge Air India and Vistara, with SIA also investing INR 20,585 million (SD360 million, USD250 million) in Air India as part of the transaction.
Reed & Mackay purchases Atlanta Events & Corporate Travel in Spain
The TripActions Group announced that its premium brand, Reed & Mackay, has completed the acquisition of its long-standing partner, the high-end Spanish corporate travel, meetings & events company, Atlanta Events & Corporate Travel Consultants.
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