Flygpoolen i Stockholm AB has been acquired by Uvet Viaggio Turismo
October 2013 — Swedish online travel agency Flygpoolen i Stockholm AB (Flygpoolen) has been acquired by the Italian travel management company Uvet Viaggi Turismo, which is part of the Uvet Group S.p.A. (Uvet). The terms of the transaction have not been disclosed. Flygpoolen’s founders will remain with the company to further develop the business within the Uvet Group.
Established in 1998, Flygpoolen works with approximately 500 airlines, 50,000 hotels and 20 car rental firms worldwide. The company has an annual turnover of around US$124 million.
In the last couple of years, the Swedish OTA market has undergone rapid industry consolidation. Global OTAs have strengthened their positions in the Nordic market, and there are only a few mid-sized OTAs left. Despite the tough competition, Flygpoolen has grown substantially following the development of new technical infrastructure resulting in the company being well positioned for future growth.
Uvet is headquartered in Milan. The group has one of the largest networks in the Italian travel sector, generating sales of approximately US$3 billion. The acquisition of Flygpoolen is a unique opportunity for Uvet to enter the Nordic market and build a solid platform to expand its online offer in the rest of Europe.
Our role in the transaction
Oaklins' teams in Italy and Sweden originated the deal and assisted Flygpoolen throughout the disposal process, proving once again the value and competitive advantage the Oaklins' teams have in identifying a strategically sound buyer in cross-border acquisitions.
Talk to the deal team
Related deals
DIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Learn moreKindernet has welcomed a new long-term strategic partner
Kindernet, a Netherlands-based childcare provider with 40 preschool and after-school care locations, has joined forces with a leading European education group to further strengthen the quality and availability of childcare in the evolving Dutch childcare market.
Learn moreEducbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Learn more