Travelport invests in German distributor
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Travelport has acquired a majority stake in German tour operator distribution firm travel-IT.
The travel technology firm has made the investment to make its mark in the German travel sector, which is worth approximately EUR26 billion and is driven by tour operator content.
In the last two years Travelport has invested more than US$475 million into its Travel Commerce Platform and will be able to boost its connections and inventory with the new deal.
Its equity was part of a wider deal that also included some leading German tour operators.
“This is an exciting investment for Travelport. It will allow us to offer a full range of product and content for the largest economy in Europe, to both traditional and on-line retail travel agencies, supported by several of the leading tour operators in Germany,” said Travelport’s managing director in Germany and Switzerland Juergen Witte, who is also managing director of travel-IT. “travel-IT offers some significant innovations to both travel agencies and tour operators which make the distribution and sale of leisure travel products better than older incumbent offerings.”
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