Czech investor Rockaway Capital has announced that it will acquire assets of German travel company Unister. It includes flight booking portal fluege.de and package booking site ab-in-den-urlaub.de. Rockaway is looking to expand online travel business in central Europe. They have made other investments in the same direction. Earlier it took full control of Travelplanet.pl, Polish travel site.
Rockaway, owned by investor Jakub Havrlant, will jointly finance the German deal with Chinese company CEFC, which has expanded its presence in the Czech Republic in recent years. Financial details of the deal haven’t been disclosed. It is expected to close at the beginning of 2017.
With this, the entire 520 strong staff at Unister will remain in their spots as part of the acquisition. This development is being seen as Rockaway’s chance to put together an array of brands. The group will have access to around 140 million potential customers.