Hull-based Good Travel Management has completed a major buy-out that will see its turnover and team swell significantly.
The company has acquired the corporate customer base of Wexas Travel Management, a central London-based operation, in an undisclosed deal. It will deliver 70 per cent growth on the firm’s turnover, while the addition of the 21 employees will take headcount beyond 50, with an office at Borough Market added.
Kevin Harrison, managing director of Good Travel Management – part of John Good Group – said: “We’ve been an admirer of Wexas’ corporate business for a number of years. They’re known for high quality service, delivered by a very experienced team. In an industry where the quality of people makes the difference, we believe this acquisition complements our business and aspirations perfectly.”
The newly acquired team will continue to work from the capital base in St Thomas Street, with support from Good Travel Management’s team in Hessle.
Mr Harrison believes the integration of a range of services and tools to help clients book travel better will ensure a bright future for the £17.5 million turnover operation.
He said: “The joining of these two corporate travel teams will create benefits for both sets of customers and this acquisition reinforces our commitment to delivering the best travel service experience for customers. Together, we will continue to shape the future of corporate travel while leaving a positive impact on the travellers and businesses we serve.”
The 190-year-old group can trace its travel industry routes back to the late 1890s, at which time it was looking after passengers travelling to and from Scandinavia. In 1946 it became one of the first travel management companies to be recognised by IATA.
Wexas was established in 1970 by entrepreneur Ian Wilson, the son of a British Army captain. Based on a passion for travel, no doubt encouraged by a childhood split between the UK and New Zealand, a ‘club’ was developed to offer savings on air tickets with a subscription model. It turned to the corporate market in the Eighties. Sectors served include financial, legal, marine, oil and gas, insurance and pharmaceuticals, with around 330 British and international clients.
Dr Wilson passed away in late 2020.
Original artice – https://business-live.co.uk/all-about/yorkshire-humber