Certares-led Consortium Acquires Stake in Europe's Third Largest Tour Operator, FTI Group

Fresh Capital for Growth and Strategic Enhancements

June 3, 2024

Munich, Germany – FTI Touristik GmbH, the parent company of the FTI GROUP, has entered into an investment agreement with a consortium led by Certares, an investment company specializing in the travel and tourism sector. The deal aims to provide FTI Group with fresh capital to accelerate its corporate strategy and drive growth initiatives.

As Europe's third largest tour operator, FTI Group has been at the forefront of the tourism industry for decades. The investment from the Certares-led consortium will enable the company to further enhance its operations and expand its market presence.

Karl Markgraf, CEO of FTI Group, commented on the agreement, stating, "We are delighted to have secured the support of such a renowned consortium as Certares. Their expertise and resources will be invaluable as we embark on the next phase of our growth and development."

The investment is expected to facilitate increased investment in digitalization, product offerings, and customer service. FTI Group aims to leverage the latest technologies and industry trends to deliver exceptional experiences to its clients.

The Certares-led consortium brings a wealth of experience in the travel and tourism sector. Its portfolio includes investments in leading global airlines, hotel chains, and travel agencies. The consortium's support will provide FTI Group with access to a vast network of industry professionals and strategic insights.

The agreement is subject to customary closing conditions and regulatory approvals. Upon completion, Certares will hold a significant minority stake in FTI Group.