Triton to Buy German Travel Distributor
OCTOBER 13, 2008. Triton has announced it has reached an agreement to acquire 100 percent of ZTS, a German based company that for over twenty years has built a serious and respectable customer base.
ZTS operates in Germany, Switzerland, Poland, Russia, and Eastern Europe with annual sales revenue exceeding $147 million (USD) and gross revenues estimated to reach $4 million (USD) and with a net profit of $700 thousand in 2008. Following the acquisition, Triton will realize this revenue on its balance sheet.
Triton and its next generation booking tool, ReservationExpert will process all the $147 million revenue in travel and additional requests that include TUI AG.
Triton also inherits ZTS' agreements with Deutsche Bundesbahn, one of Europe's largest rail lines, Steigenberger Hotels, a major European resort chain, Best Western Europe, Thomas Cook Travel, 75 major tour operators and much, much more.
Triton will also have immediate access to 3 major GDS'; Worldspan, Amadeus and Sabre, this along with Triton's complete access to Galileo creates a full global reach of content options for ReservationExpert users.
Due to this unique acquisition with its shared technology and strategies Triton immediately gains additional tools including IATA membership, a CRM tool, cash management and travel fulfillment, a customer call center and marketing and sales professionals.
"We are excited about the opportunity that comes with this acquisition. It will allow us to continue with our goal of offering the best and most comprehensive suite of tools and global content to the travel industry," said Gregory Lykiardopoulos, Chairman and CEO for Triton and according to Michael Zartmann, Founder and General Manager of ZTS, "We look to Triton as the next generation leader in travel distribution and look forward to working with them."
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