The Swedish investor Triton, which is taking over Corendon, has existed since 1997. The Triton funds invest in companies in the industrial and business services sector and in the consumer and health sector.

This mainly concerns medium-sized companies that have their headquarters in Europe. The 38 companies Triton currently has in its portfolio, have a combined turnover of around 14.9 billion euros and around 72,000 employees.

Triton takes over the activities of Corendon through its subsidiary Sunweb Group, which is also active in the field of tourism. Earlier this year, Triton already became the majority shareholder of Sunweb Group, which operates from seven European countries and has an annual turnover of around 600 million euros.

Corendon and Sunweb now go together under the wings of Triton. A provisional contract has been signed between Corendon and Triton. Final agreement is still dependent on approval from the European competition authority and the advice process of the Corendon works councils.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Sergey Tokarev: How to work your way from a kiosk with cybershaurma to a multi-billion dollar technology market in Ukraine

The word “startup” turns 45 this year. In 1976, Forbes magazine first used the word startu…