AXA Private Equity, a unit of French insurer AXA, and Permira funds has completed the merger of their co-owned units eDreams and GO Voyages, and the acquisition of on-line travel agency Opodo Group from Amadeus IT Holdings.
eDreams, GO Voyages, Opodo will continue to operate and offer their services in a total of 27 countries, using their respective brand names, AXA Private Equity said.
The new group, upon merger of the travel units, will maintain their teams in France, Germany, Italy, Scandinavia, Spain and the UK.
The private equity firm said to be formed new group will comprise executives from the three companies.
In this regard, the founders of eDreams and GO Voyages will continue to play a major role, with Javier Perez-Tenessa, co-founder of eDreams, as CEO, Nicolas Brumelot, co-founder of GO Voyages as deputy CEO and CFO.
Similarly, Carlos da Silva, co-founder of GO Voyages will take the role of managing director of France and Mauricio Prieto, co-founder of eDreams as chief marketing officer.
As co-owners of the travel firms, the Permira Funds and AXA Private Equity will be represented on the board of directors of the new group.