Tour operator Sunweb has received approval from ACM for the takeover of sector colleague Corendon. The regulator has that on Monday announced. According to ACM, enough competition will remain after the takeover.
Sunweb and Corendon are the numbers two and three in the field of package travel in the Netherlands. The acquisition of Corendon makes Sunweb about the same size as market leader TUI.
Initially, ACM had doubts whether it would approve the deal. It first wanted to see if there was enough competition left for sun trips to the Mediterranean.
Although only two major providers of package tours to the Mediterranean will remain after the acquisition, competition remains stiff enough. Besides TUI and Corendon, there are several smaller companies that offer such holidays.
Another factor was that Sunweb and Corendon are not each other’s biggest competitors. ACM also points out that many consumers put together their own travel arrangements by booking air travel and hotel accommodation as separate parts of their holiday.
When assessing the acquisition, the impact of the corona crisis on the holiday market was not considered. According to ACM, the consequences are too unclear. That is why we looked at the situation before the outbreak of the COVID-19 pandemic.