American Mondee acquired Consolit Mexico Holdings

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AK&M 17 May 2023 14:00

Mondee Holdings Inc., an American technology-oriented marketplace in the tourism market segment, has acquired Consolit Mexico Holdings, S.A.P.I. de C.V., a leading Mexican travel company. This is reported in the Mondee press release.

Mondee is the market leader in North America and is rapidly increasing its presence in LATAM. The deal is aimed at expanding Mondee's presence in LATAM along with the acquisition of the Brazilian 

Orinter in January 2023 and Interep in May 2023. In addition, the acquisition of Solid provides Mondee with access to additional regional and local content.

Consolidated holds a leading position in the air transportation and ground handling market under the Consolidated and Travel Fan brands, paying special attention to Mexico, the second largest market in Central and South America, and Latin America. The headquarters is located in Mexico City. Mondee is a technology company and a modern travel services market headquartered in Austin (Texas).

The company operates 17 offices in the USA and Canada and has divisions in India, Thailand and Greece. The company's network includes more than 55,000 leisure consultants, more than 500 airlines and more than a million hotels and vacation rentals, as well as more than 50 cruise lines. Mondee shares are traded on Nasdaq.