3 March, 2017 – Otravo, the parent company of, among others, WTC.nl and Vliegtickets.nl, acquired dé VakantieDiscounter. With this strategic acquisition, Otravo reinforces its position as biggest online travel provider in the Benelux and Scandinavia. The acquisition of dé VakantieDiscounter adds more than € 100 million in revenue for the Otravo group, boosting the group’s revenue to almost € 600 million. Lexence advised Otravo on the acquisition of dé VakantieDiscounter.
Corporate / M&A
Otravo means Online Travel Organisation and is market leader in the Benelux and Scandinavia of (online) air travel sales. Travellers can book airline tickets to worldwide destinations in person or via self-service, online as well as offline, and for both leisure and business trips. Otravo offers travellers a wide selection of options, everything from worldwide flights, rental cars, hotels and sun holidays to all possible dynamic travel combinations.
Otravo’s head office is located in the penthouses of the Sugar City Towers in Amsterdam-Halfweg, connected by a bridge between the two towers. The head office for the Scandinavian market is located in Helsingborg in Sweden. Furthermore, Otravo has a dynamic WTC.nl Travel Shop in the heart of Amsterdam. Customer obsessed, Play to Win, Innovation Leadership and Cost Leadership are Otravo’s core values.
Otravo is the parent company of several well-known travel brands. Brands like Vliegtickets.nl, Vliegtickets.be, WTC.nl, Schipholtickets.nl and most recently the Scandinavian brands Flygstolen and Tripmonster are all part of Otravo. Every day over a 100.000 visitors are welcomed to our websites and since 1983 millions of people have travelled through our brands. Otravo is a very healthy and innovative company with a growing yearly turnover of over 500 million euro’s and a team of more than 200 professionals.