Dubai – Masaader News
dnata, one of the world’s largest air services provider, announced today it has acquired Tropo, a Germany-based tour operator, from ProSiebenSat.1 Group. The acquisition marks dnata’s entry into the German market and extends its global network of travel businesses in Europe, the Middle East, Asia and Australasia.
The purchase agreement also includes TV media volume worth several million euros for 2018 and 2019. The contract parties agreed not to disclose the details of the acquisition, which is subject to approval by the antitrust authorities.
Tropo is a dynamic tour operator for low-cost and high-quality travel packages, last-minute holidays and hotel reservations offering up to 200 million vacation options every day. ProSiebenSat.1 has held a majority stake in Tropo GmbH since 2012. In the roughly six years it has belonged to the media group, the tour operator has increased its brand awareness significantly through the use of TV advertising. The company has successfully defended its position against the challenging market environment in its highly-competitive travel segment over the past years.