Booking to buy Swedish travel agency Etraveli for 1.63b euros
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[BENGALURU] Online travel agency Booking Holdings on Tuesday said it would acquire Sweden-based Etraveli Group for about 1.63 billion euros (S$2.5 billion), its second major deal this month.
Etraveli, currently owned by private equity firm CVC Capital Partners, offers search, book and fulfillment services of flights through its consumer brands Gotogate and Mytrip.
It also operates airline integration company TripStack.
The company will remain headquartered in Sweden and operate as an independent business under Booking Holdings, led by its current management team.
The deal follows Booking's roughly US$1.2 billion deal for hotel room booking website Getaroom announced earlier this month.
REUTERS
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