2M Invest's Travis to merge with Netbook  

2002.01.14
New company leading supplier of advanced electronic travel procurement systems

Consolidation in the online travel market continues as 2M Invest's portfolio company Danish-based Travis has agreed to merge with Netbook of Sweden, a provider of Internet hotel bookings. The move follows the recent Travis acquisition of Norway's in2 Net, a producer of data information software for the travel industry by Travis.

The resulting new company expects to become a leading supplier of advanced electronic travel procurement systems on the Nordic market and aims to break even by mid-2002.

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