Allen & Overy advises TripActions on the acquisition of Comtravo
24 February 2022
The deal closed on 21 February 2022.
Comtravo is recognized as one of the market-leading and fasted growing travel management companies serving the German, Austrian, and Swiss (DACH) and Scandinavian regions. This transaction marks the second Europe-based acquisition for TripActions, with the total investment across the United Kingdom and Europe exceeding USD 400 million in less than a year.
Comtravo brings to TripActions not only a wealth of regional expertise, but also technology, including domestic rail or low-cost carriers, while localised support will double the number of agents available to assist travelers in Europe. With this acquisition, the group is further expanding its position in German-speaking countries and in Europe.
Combined, the TripActions Group will now support more than 7,500 customers and manage nearly USD 6 billion in total travel budget across more than 94 countries - with half of the group’s business in Europe and the UK.
The Allen & Overy team was led by partner Dr Alexander Veith and associate Linda Mayer (both Corporate/M&A, Munich). The team further comprised partner Dr Heike Weber (Tax, Frankfurt), senior associates Catharina Glugla (Data Protection), Anna Kräling (IP, both Düsseldorf) as well as associates Dr Manuel Köchel (Tax, Frankfurt), Merle Herrmann (Employment, Hamburg), Martin Sturm (Public Law, Frankfurt) and Sebastian Hanke (Banking & Finance, Munich).