Some consolidation afoot in the online travel space: UK-based Secret Escapes, which focuses on luxury travel flash sales, is buying Germany’s JustBook, a mobile-based specialist in bookings in the business travel sector. The companies are not disclosing the financial terms of the deal, but JustBook co-founder and MD Stefan Menden says the cash and shares deal “makes sense for everyone involved.” This is Secret Escapes’ first acquisition.
The merged company will become one of Europe’s bigger purveyors of “discretionary travel” services, and gears Secret Escapes up to launch in the U.S. — a move that will come later in 2014, according to its co-founder and CEO Alex Saint. There, the big competition will be Jetsetter.com, acquired last year by Trip Advisor, Saint tells me. In Europe, he views Voyage Privee in France as a rival.
Both Secret Escapes and JustBook count Index Ventures a common investor, with Secret…
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