Amsterdam, 24 February 2016 - Otravo has announced today that Waterland Fund VI is set to take a stake in Otravo Holding. For Otravo, known for its brands Vliegtickets.nl, WTC.nl, Vliegtarieven.nl, Vliegtickets.be and Schipholtickets.nl, the transaction marks the next step in the expansion of its national and international activities.
Otravo is the market leader in the Netherlands and Belgium in the sale of online flight tickets, and also has a dominant position in the online holiday market. Otravo has experienced strong growth in recent years and is on course for a turnover of €300 million in 2016, with around 170 employees.
With Waterland’s support and financial muscle, Otravo is aiming to sustain its strong international growth in the online sale of flight tickets and holidays. Otravo’s current shareholders will remain involved with the business in their management and shareholding functions, and the management team will be strengthened in order to achieve the ambitious international growth targets.