Press release |


BEITEN BURKHARDT Advises Hotelplan Group on Takeover of vtours

Dusseldorf, 8 October 2019 - The international law firm BEITEN BURKHARDT has advised the Swiss Hotelplan group on the acquisition of vtours, a tour operator located in Aschaffenburg, and the subsidiary vtours International, located in Glattbrugg. The parties have agreed that the purchase price will not be disclosed. The transaction is subject to approval.

Also following the transaction the tour operator will continue to be independent and appear as vtours GmbH in Germany and vtours International AG in Switzerland. Within the Hotelplan group, vtours will be managed autonomously by Achim Schneider, CEO of vtours.

All of the 150 employees of vtours in Germany will be taken over, the Aschaffenburg office will continue to operate. The offices in Glattbrugg, Switzerland, will be incorporated into the Hotelplan group's headquarters. Annual turnover of the tour operator vtours which mostly produces and distributes seaside holidays in the Mediterranean area, using own brands and for third parties, amounts to more than EUR 400m, as the company reports. Products are put together dynamically and distributed through online platforms and travel agencies.

Hotelplan, the Migros travelling subsidiary had an annual turnover of CHF 1.45bn in the business year 2017/2018. The parties to the transaction find that the crucial synergies of the merger are in the IT area as well as in the purchasing and distribution areas.

Legal Advisors to the Hotelplan group:

BEITEN BURKHARDT: Partners Prof Dr Hans-Josef Vogel (head, Tourism Law), Dr Martin Rappert, Nico Frielinghaus, Dr Winfried Richardt (all Corporate/M&A), Dr Julia Thöle (Commercial/Tourism Law), Christian Schenk (Taxes), Peter Weck (Labour & Employment), Dr Sebastian Weller (Commercial/Insurances), Thomas Herten (Real Estate), Dr Mathias Zimmer-Goertz, as well as the Associates Helen Trimbusch and Christian Frederik Döpke (all IP/IT/Media, all Dusseldorf).

Contact
Prof Dr Hans-Josef Vogel
Phone: +49 211 51 89 89 – 136
E-mail: Hans-Josef.Vogel@bblaw.com


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Experts

Christian Frederik_Döpke_Experte_BEITEN_BURKHARDT

Christian Frederik Döpke

Lawyer

Nico_Frielinghaus_Experte_BEITEN_BURKHARDT

Nico Frielinghaus

Lawyer, Tax Advisor

Partner

Thomas_Herten_Experte_BEITEN_BURKHARDT

Thomas Herten

Lawyer, LL.M.

Partner

Dr. Martin_Rappert_Experte_BEITEN_BURKHARDT

Dr Martin Rappert

Lawyer, MBA

Partner

Dr. Winfried_Richardt_Experte_BEITEN_BURKHARDT

Dr Winfried Richardt

Lawyer

Partner

Christian_Schenk_Experte_BEITEN_BURKHARDT

Christian Schenk

Tax Advisor

Partner

Dr. Julia_Thöle_Experte_BEITEN BURKHARDT

Dr Julia Thöle

Lawyer, LL.M.

Partner

Helen_Trimbusch_Experte_BEITEN BURKHARDT

Helen Trimbusch

Lawyer, LL.M.

Prof. Dr. Hans-Josef Vogel_Experte_BEITEN BURKHARDT

Prof. Dr Hans-Josef Vogel

Lawyer

Partner

Peter_Weck_Experte_BEITEN_BURKHARDT

Peter Weck

Lawyer

Partner

Dr. Sebastian_Weller_Experte_BEITEN_BURKHARDT

Dr Sebastian Weller

Lawyer

Partner

Mathias_Zimmer-Goertz_Experte_BEITEN_BURKHARDT

Mathias Zimmer-Goertz

Lawyer

Partner