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Global Ports invests €13 million in online travel agency Dreamlines

Date:2018-06-08 18:25Source:ChinaTravelNews ReadingNumber: Times

Global Ports Holding PLC said it collaborated with travel agency Dreamlines GmbH, and it will invest up to EUR 13.0 million in Dreamlines in the form of a convertible loan note.

Global Ports Holding PLC on Thursday said it collaborated with travel agency Dreamlines GmbH to explore the potential for the development of additional retail and service opportunities.

Dreamlines operates in 12 countries through its custom-built content management systems. The platform offers cruise products online, via phone and email.

Simultaneously, Global Ports will invest up to EUR 13.0 million in Dreamlines in the form of a convertible loan note. Dreamlines also raised EUR 45.0 million in series E funding led by Princeville Global.

The total funds raised will go towards further international growth of Dreamlines and to complete the acquisition of travel agent Cruise 1st.

"Dreamlines is a global leader in its field; its attractive digital and sales force capabilities will strengthen our knowledge and expertise within the fast-growing global cruise market," said Global Ports Chief Executive Emre Sayin.

"As the fastest growing cruise online travel agency and largest cruise port operator Dreamlines and Global Ports Holding are a perfect fit to meet the passenger's demand for unique cruises," added Dreamlines Founder & Chief Executive Felix Schneider.

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