ots Ad hoc-Service: Travel24.com AG <DE0007487506> Travel24.com takes over Aeroworld and raises turnover target for the current year
München (ots Ad hoc-Service) -
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- The Munich-based company Travel24.com (New Market: TVD), one of the leading German Internet travel portals, takes over 100% of the travel company AEROWORLD Fernreisen GmbH with retroactive effect as of 1/1/2000. 51 percent of the Hamburg travel provider belonged to date to DERPART GmbH and 49 percent to the managing partner Georg Hammer. The parties agreed to maintain secrecy on the purchase price which is being paid in stocks as well as in cash.
Synergy effects with far-reaching consequences on the planned turnover and profits will result for Travel24.com from this step. The company has therefore raised its turnover target for the mediated travel turnover in the current business year to over 250 DMm. Additionally Travel24.com expects major economies in the sectors purchase, distribution and fulfilment, a reduction of the expected loss in the current business year and reaching break-even earlier than previously expected.
AEROWORLD ranks among the leading consolidators, fulfilment companies and tour operators in Germany. For 2000 AEROWORLD expects about one third of sales being realised by selling travels and flights via Internet. The Hamburg-based tour operator has achieved considerably positive result for years. At present AEROWORLD has roughly 100 employees on the payroll at the company offices in Hamburg and at the two outlets Düsseldorf and Frankfurt. AEROWORLD's previous managing partner, Georg Hammer, will become a member of the executive board of Travel24.com AG and will be responsible for operations and applications. AEROWORLD itself will keep its independence and its business units, especially as business partner for business-to-business subjects.
With the take-over Travel24.com, one of Germany's leading Internet portals, is continuing the European expansion strategy announced during the process of going public in March 2000 and is drastically reinforcing its own product offer above all via Internet.
Contact:
Michael Marzheuser
Press and Public Relations Manager
Investor Relations
Travel24.com AG
Altheimer Eck 2
80331 Munich
Phone ++ 49 89 / 306 382-23
Fax ++ 49 89 / 306 382-55
e-mail: michael.maerzheuser@travel24.com
Internet: www.travel24.com
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Original-Content von: Travel24.com AG, übermittelt durch news aktuell