Corendon to merge with Sunweb under Triton

    Triton announced (03-Jun-2019) plans to acquire Corendon Holiday Group (Corendon) through Triton Fund V portfolio company Sunweb Group (Sunweb). The final agreement remains subject to regulatory approvals and to employee consultation procedures. The agreement covers Corendon tour operating activities in the Netherlands and Belgium, back office operations in Turkey and Corendon Dutch Airlines but does not include Corendon Airlines and Corendon Airlines Europe. The acquisition will merge Sunweb and Corendon into a joint company under Triton’s support. [more – original PR]