Founder, private shareholders, TUI Group and Brockhaus Private Equity have sold Peakwork to Vela Software, a subsidiary of Constellation Software
Founded in 2009, Peakwork AG is the dynamic packaging and distribution software specialist for the travel industry. With its globally unique player hub technology, Peakwork has created a dynamic production and distribution network for the travel industry that connects global supply and demand.
Leading international tour operators and service providers rely on Peakwork solutions with connections to global hotel and flight providers for dynamic travel production. The technology for flexible and internationally scalable travel distribution is designed for massive traffic and benefits, in particular from the connection to global meta-searchers and distribution networks. A pioneer of travel technology decentralization and access to numerous enterprise-scale travel market players, Peakwork is the first mover and leading provider for blockchain-based Web3 applications for the travel industry.
Peakwork is joining Vela Software, one of the six divisions of Constellation Software, becoming part of Juniper Group together with other core vertical travel software companies. This strategic milestone and new investment will strengthen Peakwork’s unique value proposition for customers and partners and consolidate its international exposure by taking advantage of Juniper Group’s global travel network. For Constellation, the acquisition of Peakwork represents an important milestone in pursuit of being globally recognized as the leading travel technology player through its Juniper Travel Group by all relevant industry players.
Friedrich Bieselt, Managing Director and head of Lincoln International’s Business Services Group Europe, commented, “It has been a pleasure to represent the shareholders in this landmark transaction that creates a leading global travel technology player. We have been working with enthusiasm on this deal and with the Peakwork team to excel within Constellation and Vela Software! We are very proud of the results achieved for all parties.”
Constellation is a fast-growing conglomerate of vertical market software companies that offer specialized mission-critical solutions to a variety of industries. Headquartered in Toronto with offices in North America, Europe, Australia, South America and Africa, Constellation services customers in more than 100 different markets worldwide.