LONDON (Brand Republic) - Online travel agency ebookers.com is buying Scandinavian rival Mr Jet for an undisclosed sum in an all-share deal.
Mr Jet, which operates in Norway, Sweden, Denmark and Finland, reported sales of $10m (£7m) last year. The acquisition is part of ebookers’ plan to boost its customer base this year.
Last month, ebookers announced that although its fourth-quarter sales were a record $43.6m (£30.41m), losses had tripled to 4.3 cents a share because of an increase in marketing costs.
www.ebookers.com
www.mrjet.com