Langley, UK, 2015-10-8 — /Travel PR News/ — Travelport (NYSE:TVPT), a leading Travel Commerce Platform, has today announced the acquisition and vertical integration of its distributor in Austria, TraviAustria.
TraviAustria was founded in 1987 by Austrian Airlines, an original shareholder in the predecessor company of Travelport. In addition to providing local sales, support and marketing activity for the Travelport travel commerce platform to travel agencies in Austria, TraviAustria built and operates one of the largest tour operator booking platforms in Central Europe, called CETS. CETS is used by 2,500 travel agencies in 12 European countries and provides real time access and booking for the products of some 140 service providers, in addition to the 400+ airlines, more than 650,000 hotels and other content that Travelport provides. Both TraviAustria and the CETS platform are now wholly owned by Travelport.
Gordon Wilson, President and CEO for Travelport, commented: “Vertically integrating one of our few remaining third party distributors in Europe, enables Travelport to operate more efficiently and to enhance our presence and customer relationships in Austria. Moreover, in this particular case, we have also acquired ownership of a significant tour operator distribution capability as an adjunct to our travel commerce platform and the revenues that go with this. The agreement will offer us further synergies with the German company, travel-IT which operates in the same space and in which we invested earlier this year.”
Rudolf Mertl, CEO, TraviAustria, said: “This is an exciting time for TraviAustria and we see this acquisition as a very positive move for our customers. Now with the full backing of Travelport, we will be better placed to take advantage of the considerable opportunities that we see ahead of us in the region.”
Travelport continues to strengthen its portfolio of products, services and customer engagement, both organically and inorganically, through investments in building leading positions in airline merchandising, hotel distribution, mobile travel commerce and B2B payments and today’s news builds on this.
Travelport is a Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. With a presence in over 170 countries, over 3,500 employees and 2014 net revenue of over $2.1 billion, Travelport is comprised of:
- A Travel Commerce Platform through which it facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace. In addition, Travelport has leveraged its domain expertise in the travel industry to design a pioneering B2B payment solution that addresses the needs of travel intermediaries to efficiently and securely settle travel transactions.
- Technology Services through which it provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions, enabling them to focus on their core business competencies and reduce costs.
Travelport is headquartered in Langley, U.K. The Company is listed on the New York Stock Exchange and trades under the symbol “TVPT”.
Senior Manager, Corporate Communications
t: +44 (0)1753 288342
m: +44 (0)7552 212132
Senior Communications Executive, Corporate Communications
t: +44(0) 1753 288 957
m: +44(0) 7552 212 151
VP Corporate Communications
t: +44 (0)1753 288720
m: +44 (0)755212132