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WP Retaining is promoting 100% of the stocks in Invia Flights Germany GmbH to Tongcheng Commute Holdings Restricted in a deal valuing the corporate at roughly €42.3 million.
Invia Flights Germany GmbH, a subsidiary of Invia Workforce, owns the well known flight reserving platform Fluege.de, which operates within the German, Austria and Switzerland (DACH) area. Poland-based WP Retaining first introduced it used to be obtaining Invia Workforce for €240 million n December 2024. The deal used to be finalized in April.
The sale of Fluege.de marks WP Retaining’s go out from the flight sector, with the corporate noting that the transfer will building up its focal point on key manufacturers reminiscent of Invia, Ab-in-den-Urlaub.de, Szallas.hu, Wakacje.pl and Travelplanet.pl.
“Fluege.de is a sturdy emblem that may acquire new enlargement alternatives in its new setting. For us, that is a second to streamline our portfolio. We will be able to now absolutely focal point at the middle of our shuttle section—package deal vacations and home shuttle. That’s the place we see the best possible for enlargement, innovation and buyer delight,” stated Adam Rogaliński, VP of company construction of WP Retaining.
China-based Toncheng Commute stated the acquisition of Fluege.de will bolster its flight ticket-booking industry in Europe, and leader capital officer Joyce Li stated Fluege.de is a “treasured strategic have compatibility that aligns with our long-term targets” thank you to its “robust emblem popularity and constant consumer base.”
The deal calls for approval from the German Federal Ministry of Financial Affairs and Power, and the general acquire worth could also be topic to switch founded on the internet running capital and web debt of Fluege.de as of the final date.
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