Travelopia acquires Enchanting Travels of Germany
Travelopia has agreed to acquire Enchanting Travels, a German headquartered tailormade luxury travel specialist.
Founded in 2004 by Parik Laxminarayan and Alex Metzler, Enchanting Travels provides exclusive, customised travel experiences for guests primarily from North America, western Europe and Australia.
The company has six offices across four continents and has provided transformative travel encounters to 30,000 guests, visiting 44 countries.
Enchanting Travels has developed a leading technology platform which enables it to provide its guests with exceptional service and truly authentic experiences.
The business has a strong track record of growth as is forecasted to double its revenue in the three years to 2019.
Future expansion will be realised through the development of its new and existing source markets and destinations.
Andy Duncan, Travelopia chief executive, said: “We are delighted to welcome Enchanting Travels to the Travelopia Group.
“Parik and his team have created an exciting and innovative business that utilises the latest technology to help redefine tailormade travel and offer life changing holidays.
“We look forward to working with the team to expand Enchanting Travel’s destination and luxury travel offering, and to support its growth in its primary source markets of Germany and the USA.”
Completion of the acquisition is subject to regulatory approval in certain jurisdictions and agreement from Enchanting Travels’ minority shareholders.
Terms of the deal were not disclosed.
Travelopia, headquartered in the UK, provides customers with unique experiences, such as private jet travel, polar expedition cruises, cycling and trekking-based holidays, sailing adventures and high-end, tailor-made holidays.
The company has a customer base of over 750,000 travellers each year and serves over 70 destinations globally through its collection of brands.