M&A Deal Summary

Novaturas UAB Acquires Sofa Travel

On August 7, 2020, Novaturas UAB acquired business services company Sofa Travel

Acquisition Highlights
  • This is Novaturas UAB’s 1st transaction in the Business Services sector.
  • This is Novaturas UAB’s 1st transaction in Lithuania.

M&A Deal Summary
Date 2020-08-07
Target Sofa Travel
Sector Business Services
Buyer(s) Novaturas UAB
Deal Type Add-on Acquisition

Target

Sofa Travel

Vilnius, Lithuania
Sofa Travel is a travel agency that provides quality travel to meet customer expectations. It is a tourism service sales network belonging to the group of companies of the largest tour operator in the Baltic States, with offices in Vilnius, Kaunas, and Klaipeda and providing a range of especially hot travel offers on the Internet.

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Buyer(S) 1

Buyer

Novaturas UAB

Kaunas, Lithuania
Category Company
Founded 1999
Sector Internet Software and Services
Revenue 102M EUR (2016)
DESCRIPTION

Novaturas UAB is a travel operator in Lithuania, Latvia and Estonia. Its reliability and reputation, coupled with the Baltic States’ good macroeconomic position and growing consumption, have helped Novaturas become the number one market player in the region. The company offers a wide range of products including package holidays, sightseeing tours and skiing trips. Its diversified destination portfolio covers all trending holiday spots such as Turkey, Spain, Canary Islands and Greece, as well as winter retreats in Italy and France.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Lithuania) 1 of 1
Year (2020) 1 of 1
Mergr

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