Otravo expands in Europe with its acquisition of Lithuanian Interneto Partneris
Active in 23 countries
Interneto Partneris is a young and successful company from Lithuania active in the online sale of airline tickets in 23 countries, under various brands such as Greitai, Flyhi, Flysiesta and Bookinghouse. It is expected that Interneto Partneris will realize an annual turnover of more than 50 million euros in 2017.
Both parties benefit
The acquisition will benefit both parties greatly. Alvydas Vitkauskas, CEO of Interneto Partneris, says, “We are very happy to join Otravo. This will lift our business in Europe to a higher level through synergy effects in the form of purchasing and scale benefits. Partly as a result of this, we will be able to increase our market share, both in the countries on which we primarily focus (Lithuania, Latvia and Estonia) as well as elsewhere in Europe. In addition, we are sure that, through our cooperation, we will be able to offer the customers of Otravo and Interneto Partneris with more travel options, better information and more competitive prices.”
The Otravo travel agency is one of the market leaders in Europe in the area of online travel, with a wide range of airline tickets and holidays, including Vliegtickets.nl, VakantieDiscounter, Flygstolen and Greitai.