The Romanian group currently has three companies with tourism operations – Touring Europabus, Danubius Travel, and Nova Travel.
The deal has been approved by the Romanian antitrust body and is expected to materialize in fall this year. The value of the deal has not been disclosed.
Eurolines’ tour operator, retail, business travel and incoming business will be moved under Travel Brands SA, currently owned by Eurolines. Following the transfer, Travel Brands SA will be taken over by Exim Holding AS, headquartered in Prague, part of DER Touristik.
Eurolines has 80 offices under the brands TUI TravelCenter, TravelBrands and Eurolines, with annual sales of EUR150 million. Eurolines Romania was founded by Anastasiu in 1995 and currently consists of 20 companies.
DER Touristik Group is one of the largest tour operators in Europe. Headquartered in Germany, the group consists of 130 companies with over 10,500 employees in 15 countries and annual sales of EUR6.7 billion.
DER Touristik entered the Romanian market in 2004 with Dertour Romania.
REWE Group also owns discount retail chain Penny in Romania.