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30/10/2013 Event Agencies

New acquisition for the Uvet group

The Uvet Group, the tourism distribution hub boasting a turnover of EUR 2.2. billion, active in Italy since 1950, recently acquired Swedish portal flygpoolen, one of the main online travel agencies (OTA) in Sweden, for a sum of around EUR 7 million.

Over the past few years, Flygpoolen, boasting a turnover of EUR 100 million for air tickets sold and a multi-cultural team of 18 resources with international experience, has seen a constant growth of 10-15%  and is currently worth about EUR 2.2. million, with a net operating margin in 2012 of EUR 1.2 million.

"This acquisition falls within our strategy of expansion in European markets, where we are already present in France, Switzerland and Romania,  and the broadening of our scope of action within the context of online travel” explained Luca Patanè, president of the Uvet group. "This means that we will be able to count on products and services that are valid and extendable to other continental market areas. As regards  Flygpoolen, we have discovered, with pleasure, a brilliant entrepreneurial set-up, that uses innovative solutions and technologies in the booking and management of flights. Our aim is to transfer this know-how in a profitable manner.”

The Swedish acquisition is only the last in chronological order of the acquisitions of the Uvet Group of which Uvet American Express, specializing in the offer of services and solutions for business travel and the organization of incentives, meetings and events, is a part. Over the past two years, Avexia, a leading company in business travel, was acquired in France while in Italy, the group acquired Tkt, a company specializing in the management of corporate fleets, and in the consumer segment, Travel.Co which, with more than 300 independent travel agencies, has brought the group’s affiliated network to 1,300 sales points.


Event Agencies
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