Intoit Travel Group strengthens its position in niche travel experiences by acquiring a majority stake in TRAVL, one of the leading organizers of hiking and cycling tours. TRAVL has been creating unique and memorable trips for active travelers for almost 15 years, and now the company has the opportunity to grow further within Intoit Travel Group's growing portfolio of tour operators.
Bengt and Axel Erwast, who were previously the sole owners of TRAVL, will continue as co-owners. Axel Erwast will remain active in the business and looks forward to the future:
”"It will be really fun to develop TRAVL together with the team at Intoit Travel Group. TRAVL has so much potential, and the knowledge and understanding at Intoit, together with their growth mindset, creates really good conditions going forward,"” says Axel Erwast.
Niklas Engstrand, CEO of Intoit Travel Group, comments on the deal as follows:
”"This is a really great company with a solid reputation and niche expertise that is hard to find today. I look forward to developing TRAVL further together with the team."”
TRAVL will become part of Intoit Travel Group's portfolio of growth-oriented tour operators. Intoit's portfolio already includes eight other niche tour operators who exchange experiences, knowledge and inspire each other every day. TRAVL will be a great addition to this community, says Ulf Hansen, Chairman of the Board of Intoit.
According to the press release
