Dertour wins approval to acquire Hotelplan 

Kuoni parent Dertour has won the green light by competition authorities to acquire Hotelplan Group.

 

The deal was subject to a three-month investigation by the Swiss Competition Commission.

 

The Commission today (Tuesday) announced that it has approved the transaction without conditions or obligations. 

 

“Accordingly, Dertour Group has now obtained all necessary acquisition control clearances,” a company statement said.

 

Completion of the takeover, with the exception of Interhome, is expected to take place at the end of this week.

 

Dertour Group chief executive  Christoph Debus said: “The Competition Commission in Switzerland has given the green light for the acquisition. 

 

“We are extremely happy with the decision and have promptly initiated all necessary steps to implement the transaction, aiming to conclude the process as quickly as possible. 

 

“We are very much looking forward to warmly welcoming our new colleagues from Hotelplan Group. Together, we will focus on our shared future. 

 

“We are impressed by how the Hotelplan team managed the period of uncertainty during the in-depth review. All the more, we look forward to working together as one team. 

 

“Together, we will be able to offer guests an even wider and more attractive range of travel and holiday options - with the promise of consistently high reliability, service and quality.”

 

The acquisition of Hotelplan from long-standing owner Migros, the leading Swiss retail cooperative, was announced in February.

 

The deal, for an undisclosed amount, will see Dertour acquire Hotelplan’s travel retail and tour operator businesses in Switzerland, Germany and the UK, with holiday rental business Interhome sold separately to Berlin-based accommodation platform HomeToGo.

 

Dertour’s UK interests also includes Carrier, CV Villas, Journey Latin America, Jules Verne, Kirker and Solmar Villas.