Dnata, a
Dubai-based provider of ground handling, cargo, travel and flight catering
services for 300 airline customers in six continents, has acquired German tour
operator Tropo.
The financial
details of the acquisition have not been made public.
Tropo provides
low-cost travel packages, last-minute holidays and hotel reservations in destinations
such as Spain, Turkey, Egypt, Italy, Greece and Dubai.
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“This acquisition enables us to enter
the important and valuable German travel market, and enhances our portfolio of
travel services in Europe,” says Iain Andrew, divisional senior vice president
of travel services at Dnata.
“We see potential for significant
synergies between Tropo and our other travel businesses around the world to
provide very attractive and unique offerings to inbound and outbound travelers
to and from Germany.”
Dnata purchased Tropo from German entertainment
company ProSiebenSat.1 Group, which has held a majority stake in it since 2012.
The purchase agreement also includes TV media worth several million
euros for 2018 and 2019.
Dnata is part
of the Emirates Group. In 2011, Dnata purchased Travel Republic Limited, an
online travel agency based in the United Kingdom.