Etraveli was founded as Seat24 in the year 2000. Throughout the last decade, we have been a driving force in the consolidation of the Nordic market. The year 2014 marked an important strategic shift for us, when we decided to focus our resources on being competitive on price comparison sites. By presenting the cheapest and most relevant flight tickets where the customer is most likely to see them, we took a major step forward and today we are the second largest online travel agency in Europe, a global presence providing airline tickets and related travel services for a value of over EUR 4 billion a year, and pushing hard to become number one.
In June 2017, we were acquired by global private-equity giant CVC Capital Partners. They will support our further expansion to offer travellers around the world cheaper flight options. As a first step towards this, in November 2017 we merged with Greek online travel agency e-Travel S.A., becoming Etraveli Group. Two years later, in August 2019, we acquired the Canadian air technology specialist TripStack and online travel agency Flight Network, adding thereby to our tech capabilities and strengthening our position as one of the most successful tech companies in flights.