HolidayCheck buys the controlling shares of Zoover
Thursday, 12. July 2012, 16:28
Consolidation in the European online travel market this week as Tomorrow Focus, parent company of HolidayCheck, takes a 51% stake in Webassets, the parent of reviews specialist Zoover.
The two are joining forces with online travel and reviews
portal HolidayCheck paying 21 million Euros for the shares with the remainder
to be retained by Zoover commercial chief Bas Rasker and chief executive
Stephan Bosman.
Zoover co-founder Erwin Rooymans is selling his shares but
his company Netmatch will continue to provide technology to the review service.
Online weather service MeteoVista, acquired by
Netherlands-based Zoover in 2009, is also part of the acquisition.
According to a statement the combined HolidayCheck and
Zoover attract 35 million unique visitors a month and the company will now
total more than 300 employees across the Netherlands, Germany, France, Poland
and its headquarters in Switzerland.
Under the deal Zoover will add a booking engine to its
service in the Netherlands by integrating technology from Tomorrow Focus
subsidiary Tjingo.
The statement adds that the combined entity will assess
the potential for new markets across the continent and particularly Eastern
Europe.
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