Travelport has acquired the assets of the Romanian subsidiary of Hotelzon as part of its global acquisition of the company.
Hotelzon, which is headquartered in the United Kingdom, has offices in Finland, Sweden, and Romania. The deal was announced on June 12, 2014, and the sale price was not disclosed.
Established in 1972 and previously owned by Esa Karppinen for 28 years, Hotelzon is a leading hotel distribution technology provider for the B2B market. Hotelzon offers services for corporate business travelers, hotels and travel professionals. It has approximately 80 employees. Travelport is a leading travel commerce marketplace providing distribution, technology, payment and other solutions. With a presence in over 170 countries and approximately 3,600 employees, it reported a 2013 net revenue of USD 2.1 billion.
According to industry sources, Travelport was advised on Romanian elements of the deal by the Buzescu Ca law firm.