M&A Deal Summary

Etraveli Acquires FlightNetwork

On June 20, 2019, Etraveli acquired leisure company FlightNetwork

Acquisition Highlights
  • This is Etraveli’s 1st transaction in the Leisure sector.
  • This is Etraveli’s 2nd transaction in Canada.
  • This is Etraveli’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2019-06-20
Target FlightNetwork
Sector Leisure
Buyer(s) Etraveli
Deal Type Add-on Acquisition

Target

FlightNetwork

Toronto, Ontario, Canada
FlightNetwork is a Canadian-owned online travel agency specialized in providing global travelers with hotels, vacation packages, and car rentals.

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Buyer(S) 1

Buyer

Etraveli

Uppsala, Sweden
Category Company
Founded 2000
Sector Internet Software and Services
Revenue 640M SEK (2014)
DESCRIPTION

Etraveli is a global technology provider for flights focused on offering the best possible flight content delivered through flexible tech solutions to the consumer and any company facing the consumer. Through its own consumer brands like Gotogate, Mytrip, Flightnetwork and through global partnerships with the likes of Google Flights, Skyscanner, Kayak, Booking.com and others the company provides search, book and fulfilment services of flights and related products. Etraveli was formed in 2000 and is based in Uppsala, Sweden.

DEAL STATS #
Overall 8 of 8
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 TripStack

Toronto, Ontario, Canada

TripStack, Inc. is a B2B Travel Technology company focused on providing customers with fast access to all of the worlds Low Cost Carriers (LCCs) that are not available via traditional distribution channels in a single API TripBuilder.

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