Go back and forth era specialist Traveltek has been got via Juniper Team for an undisclosed sum.
Scotland-based Traveltek, which makes a speciality of cruise and dynamic packaging era, is the most recent in a spate of latest acquisitions for Juniper Team, which is a part of Vela Device and Constellation Device.
A observation stated Traveltek will “leverage Juniper’s expansive international community and industry-leading product portfolio, additional bettering the corporate’s distinctive price for purchasers and companions.”
Juniper Team stated the purchase will beef up its presence in the UK, North The us and Australia.
Traveltek used to be based greater than twenty years in the past and has expanded its provide into the US lately. The corporate won investment of £1.3 million in 2021 to broaden its packaging era.
Previous to that Traveltek had introduced investment of £5.3 million in 2016 with the funding centered for the corporate’s world expansion technique.
Mal Barritt, CEO of Traveltek, stated: “Main Traveltek into this new bankruptcy is a proud milestone. This provides our consumers unheard of get entry to to a broader array of sources and industry-leading merchandise. Importantly, it additionally supplies an exhilarating and sustainable house for Traveltek, the place our staff can have new expansion and construction alternatives.”
Jaime Sastre, CEO of Juniper Team and founding father of Juniper Go back and forth Generation, stated: “The corporate’s gifted control staff and high-performance era stack are an unbelievable addition to our portfolio of commute device corporations. In combination, we will ship extra complete answers and meet the total vary of era wishes for our consumers and companions.”
Juniper Team got Vervotech in August 2023 and extra just lately got Lleego, a flight control era specialist. In the meantime, Canada-based Constellation Device, the mum or dad of Juniper and Vela, got Peakwork remaining yr and invested in Roibos, a market connecting hoteliers and commute providers.
In an interview within the PhocusWire studio at Phocuswright Europe previous this yr, Sastre mentioned how Juniper, Vela and Constellation are compatible in combination and the method for getting commute corporations. Watch the total dialogue under:
Phocuswright Europe 2024 Government Interview: M&A in commute
Go back and forth era specialist Traveltek has been got via Juniper Team for an undisclosed sum.
Scotland-based Traveltek, which makes a speciality of cruise and dynamic packaging era, is the most recent in a spate of latest acquisitions for Juniper Team, which is a part of Vela Device and Constellation Device.
A observation stated Traveltek will “leverage Juniper’s expansive international community and industry-leading product portfolio, additional bettering the corporate’s distinctive price for purchasers and companions.”
Juniper Team stated the purchase will beef up its presence in the UK, North The us and Australia.
Traveltek used to be based greater than twenty years in the past and has expanded its provide into the US lately. The corporate won investment of £1.3 million in 2021 to broaden its packaging era.
Previous to that Traveltek had introduced investment of £5.3 million in 2016 with the funding centered for the corporate’s world expansion technique.
Mal Barritt, CEO of Traveltek, stated: “Main Traveltek into this new bankruptcy is a proud milestone. This provides our consumers unheard of get entry to to a broader array of sources and industry-leading merchandise. Importantly, it additionally supplies an exhilarating and sustainable house for Traveltek, the place our staff can have new expansion and construction alternatives.”
Jaime Sastre, CEO of Juniper Team and founding father of Juniper Go back and forth Generation, stated: “The corporate’s gifted control staff and high-performance era stack are an unbelievable addition to our portfolio of commute device corporations. In combination, we will ship extra complete answers and meet the total vary of era wishes for our consumers and companions.”
Juniper Team got Vervotech in August 2023 and extra just lately got Lleego, a flight control era specialist. In the meantime, Canada-based Constellation Device, the mum or dad of Juniper and Vela, got Peakwork remaining yr and invested in Roibos, a market connecting hoteliers and commute providers.
In an interview within the PhocusWire studio at Phocuswright Europe previous this yr, Sastre mentioned how Juniper, Vela and Constellation are compatible in combination and the method for getting commute corporations. Watch the total dialogue under:
Phocuswright Europe 2024 Government Interview: M&A in commute
