Funds advised by Triton (“Triton“) have successfully completed the acquisition of Sunweb Group (“Sunweb”), a leading European online tour operator. Terms of the transaction are not disclosed.
Founded 1991 in the Netherlands, and with more than EUR 600m in turnover, Sunweb serves ~1 million customers annually providing packaged holidays to more than 20 focal destinations across Europe and the Mediterranean. As an online tour operator, Sunweb combines the best features of the online travel agencies’ asset light business model and the content quality and customer experience provided by traditional tour operators.
“We look forward to actively supporting the management and employees as a stable owner by investing in and supporting the growth and development of the company. Our strong industry expertise, gained through other investments and strengthened by senior industry experts, will contribute in taking the company to the next level.” said Peder Prahl, Director of the General Partner for the Triton funds.
About Sunweb Group
Sunweb Group is one of the leading travel groups in Europe. It is the driving force behind numerous brands operating within eight international markets: The Netherlands, Belgium, Denmark, Sweden, Norway, United Kingdom, Germany and France. Sunweb is the flagship brand of the group.
Sunweb is a pure online player for package holidays towards sun and winter sport destinations.
Sunweb Group employs approximately 500 individuals and sends more than 400 representatives on to various holiday destinations to support its customers. The Sunweb Group has a pan-European identity: headquarters in Netherlands and Switzerland, software and web development in Girona and various sales offices around Europe. The combination of a centralized organization, unique self-contracted hotel and flight inventory and a strong online business model has resulted in one million happy clients for Sunweb Group last year.
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €13,6 billion and around 84,500 employees.
For more information: www.triton-partners.com