VIA Travel has acquired Travelzon Oy, Finland’s most profitable, and largest independent travel management company, from Berling Capital and three minority shareholders.
FSN Capital owned, VIA Travel is the largest travel agency in Scandinavia with a total turnover of NOK 8 billion. VIA is the market leader in Norway and Denmark, no. 4 in Sweden and becomes no. 5 in Finland with this acquisition.
”Marjut Vesander has, together with her outstanding team, built Travelzon into the Finland’s largest independent travel management company. Together with Marjut, we will build on this success by leveraging VIA’s leading market position in the Nordic market and thereby provide even better service and more value to our customers”, says Egil Riisnes, CEO of VIA Travel Group ASA.
Travelzon, which has 33 employees and NOK 260 million in revenue will change name later this year. The company will continue to be lead by Marjut Vesander, a 5 year veteran of the company. “Having cooperated with VIA for several years, I am excited to become a full member of the VIA family, the largest travel management company in the region, and look forward to continued growth and improved customer service”, says Marjut.
Seller and former majority owner, Berling Capital’s Esa Karppinen, believes this is the natural next step in the development of Travelzon and says “the travel industry is consolidating and I am confident that Travelzon has found a great home with VIA, the market leader”.
VIA’s acquisition of Travelzon (created in 1997) follows its acquisitions of Broströms Resbyrå in Sweden and VIA Travel Vestfold in Norway; both last year.
VIA Travel Group is represented at 120 locations with 1,400 employees (including franchises). VIA Travel is ISO Certified and a partner in RADIUS, one of the largest travel management organizations in the world.