French Travelsoft SAS acquires Berlin-based online platform Traffics
Munich — SKW Schwarz has advised French Travelsoft SAS on the acquisition of Berlin-based online travel platform Traffics.
Traffics, founded in 1999, operates an online marketplace for services in the tourism industry. The company has more than 6,000 customers, including travel agencies, airlines and hotels, and arranges travel sales of up to 1.3 billion euros annually.
Travelsoft has been operating Orchestra, now the market-leading travel SaaS platform, in France since 2000, enabling professionals in the tourism industry to compile leisure and travel offers. Travel sales processed via Orchestra amount to almost 2 billion euros per year.
A team led by partners Dr. Stephan Morsch and Dr. Matthias Orthwein performed the legal due diligence for the transaction and advised on various IT and data protection issues.
Advisor Travelsoft SAS: SKW Schwarz, Munich
Dr. Stephan Morsch, Photo (Corporate/M&A), Dr. Matthias Orthwein (IT/Data Protection Law), Dr. Angela Poschenrieder (Counsel, Corporate/M&A); Associate: Nikolai Schmidt (IT/Data Privacy)
About SKW Schwarz
SKW Schwarz is an independent full-service law firm. With more than 120 lawyers at four locations in Germany, the firm advises in all relevant areas of business law. At the end of 2018, the firm founded SKW Schwarz @ Tech GmbH, in which the lawyers bundle all activities in the area of legal tech across locations and disciplines.