MCI creates travel agent giant with Invia takeover

2008-04-25 00:00

publikacja
2008-04-25 00:00

The deal creates a regional powerhouse with combined revenues of �120 million, four times that of its nearest rival. "The Invia deal gives us critical mass to lead consolidation in the region and reduces the competitive threat from Expedia, the world's leading online travel company," said Tomasz Czechowicz, MCI Management CEO. The two firms will not be merged immediately, but are expected to benefit from purchasing synergy, giving them bigger clout in negotiations with tour operators. Invia, which had revenues of about �50 million in 2007, will make its debut on the Warsaw Stock Exchange in 2009. (Puls Biznesu, p. 12) R.M.

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MCI creates travel agent giant with Invia takeover

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