BELGRAVIA & CO., an international and independent M&A and Corporate Finance advisory firm with offices in Cologne and New York City, exclusively advised Tank & Rast Group („Tank & Rast“, https://tank.rast.de/en.html), on the full takeover of the multimodal travel search and booking platform fromAtoB („fromAtoB“, www.fromatob.com). The company was acquired by way of an asset deal in the context of an insolvency proceeding.
FromAtoB is one of the leading multimodal travel search engines for trains, flights, carsharing or buses in Germany. The company was founded in 2009 and has around 55 employees in Berlin and Aachen. FromAtoB determines the optimal route for its customers by comparing prices of different means of transport.
For Tank & Rast, the acquisition of FromAtoB is a strategic addition to their existing and rapidly growing digital business. With the help of Tank & Rast, FromAtoB will continue the development of its technology platform and continue its national and European expansion.
"Tank & Rast and FromAtoB complement each other perfectly," says Dr. Karl-H. Rolfes, CEO of Tank & Rast. "We want to develop FromAtoB to a leading travel app within its relevant markets, while leveraging the great digital expertise of its employees for Tank & Rast’s digital business."
The parties have agreed not to disclose the purchase price.
BELGRAVIA & CO. acted as exclusive financial advisor to Tank & Rast on this transaction. The team of BELGRAVIA & CO. consisted of the following advisors: Dr. Hans Christian Zanders (Partner, lead), Dr. Björn Röper (Managing Partner), Dr. Jan Klobucnik (Senior Executive).