Mondee Acquires Skypass Travel
August 15, 2023
Mondee Holdings, Inc. has acquired Skypass Travel, Inc. for approximately $15 million in a cash-and-stock transaction (including $3 million cash and the remainder in Mondee stock at $10 per share, with potential additional stock upon achievement of growth targets). Skypass, a U.S.-based wholesale and corporate travel services provider with corporate clients across the U.S., Europe and India and 2022 revenue of $45 million, will be integrated into Mondee's digital travel marketplace to expand Mondee's corporate bookings, supplier contract access and additional platform features.
- Buyers
- Mondee Holdings, Inc.
- Targets
- Skypass Travel, Inc.
- Industry
- Transportation
- Location
- Texas, United States
- Transaction Type
- Buyout
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