Hitz & Partner Corporate Finance AG advised the shareholders of travelArt SpA in the sale and transfer of its entire business activities with an effective date 1st July 2017 to Turavion SpA.
travelArt based in Santiago de Chile, founded in 1994 by Elke Hausdorf and Carsten Bengelsdorff, is the leading specialist for the German speaking source markets in tailor-made group cultural tours, study trips as well as hiking and trekking expeditions in Chile. In 2017, travelArt won Hapag Lloyd cruises (including MS Europa) as exclusive customer to handle its entire land excursion activities in 14 harbors throughout Chile from Punta Arenas to Arica.
Turavion Agencia de Viajes based in Santiago de Chile, founded in 1935 and privately owned by the family Sacchetti-Wagner, is one of the leading travel company in Chile offering inbound and corporate travel services. Today, with more than 220 employees it serves, amongst many others, global accounts such as ABB, Unilever, Novartis, Procter & Gamble and Puma.
Carsten stated: „We are proud and also pleased having found with Turavion the right partner and home for our lifetime achievement who is sharing our vision - offering innovative, unique and sustainable travel experiences throughout Chile."
Enrique Sacchetti, owner and CEO of Turavion said: „We are convinced that travelArt is a unique company to partner with as we pursue many common values and goals. Thus, the successful completion of the transaction marks an important milestone in Turavion’s recent history. We are thrilled to jointly realize available opportunities in this growing market in the future.“