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Travel industry news

05 Jun 2019

BY Rob Gill

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TRFBLI

Thomas Cook Nordic bidder makes new acquisition

Thomas Cook bidder Triton Partners has agreed a deal to purchase Netherlands-based Corendon Holiday Group through Sunweb Group.

Thomas Cook Westfield Stratford City

Triton last month made a “highly preliminary and unsolicited” offer for Cook’s Nordic airline and tour operation.

 

The group has now announced the acquisition of Corendon, which is a tour operator based in the Netherlands and Belgium, for an undisclosed sum.

 

Correndon has about 750,000 customers with a €515 million turnover.

 

The deal includes Corendon’s tour operating activities in Holland and Belgium, its back-office operations in Turkey and Corendon Dutch Airlines.

 

Triton plans to merge Sunweb and Corendon when the acquisition is completed.

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