Wings makes strategic UK acquisition
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
Wings Travel Management is strengthening its position in the UK with the acquisition of Grosvenor Travel Management for an undisclosed sum.
While the two companies have joined forces they will continue to trade independently for the rest of the year, with a view to consolidate the businesses under the Wings Travel Management brand in early 2017.
Founded in 1991, Grosvenor Travel Management specialises in providing high-touch business travel solutions, to clients predominantly in the oil & gas, security, finance, legal and advertising sectors. The company’s 60 staff members manage over £60m in corporate travel sales annually from Grosvenor’s two offices in central and south London.
Tony Sofianos, chief executive officer for Wings Travel Management commented: “This investment demonstrates our commitment to growth in the UK market and lays the final foundation for our plan to transition our global headquarters to London in 2016. We spent the last three years looking for the right TMC partner in the UK and during our conversations with Grosvenor Travel Management; it became very evident early in the process, that we shared many common goals and aspirations. Our mutual passion to serve customers where business travel and support services are a critical part of their business model is imbedded in both our culture and our day to day operations. There is no doubt that each business has its own strengths, but together, our value proposition is magnified and we are therefore, better positioned to serve the niche markets that we specialise in, with a global footprint to support expansion.”
Comments are closed.