Cheapflights Media has invested in Momondo.com and its parent company Skygate International as it closes zugu.com, the meta-search site it launched with great fanfare just last year.
No details of the deal have been released but Cheapflights have made it clear that Momondo and Skygate will continue to operate independently under its own management from its base in Copenhagen.
The acquisition brings together two growing online consumer travel search brands as well as Skygate’s business-to-business travel oggering.
Chris Cuddy, Cheapflights Media’s chief executive, said: “We are thrilled to be partnering with the innovative team at Momondo.
“They have deep expertise in online travel and share Cheapflights’ passion for demystifying the often overwhelming task of finding and booking the best travel deals.
“We greatly admire the pioneering heritage of Momondo and intend to fully support their existing brands and further accelerate their plans. Initially, Cheapflights Media will be replacing our Zugu meta-search product and brand with Momondo.
“Down the road, we will explore opportunities to leverage technology, data, and advertising partnerships across the Momondo and Cheapflights networks to bring better travel search solutions to more consumers world-wide.”