ATPI Group acquires Griffin Travel
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ATPI Group has announced it has acquired Griffin Travel, its second large purchase in less than 12 months.
Details of the Griffin deal have not been disclosed but includes the entire international operation across 13 countries, as well as joint ventures in a further nine locations.
ATPI also bought Australia-based Voyager Travel back in January 2014.
“We made it clear that our refinancing was in order to grow through investment and acquisitions. I am pleased to deliver, with the support of ICG, yet another significant growth milestone for the business with the purchase of Griffin,” said ATPI’s CEO Graham Ramsey. “This deal is a major step forward in our plan to increase our global operation, and enhances the unrivalled service that clients of the business already enjoy. The clients of Griffin will benefit from ATPI’s bespoke technology, purchasing power and seamless service around the world.”
With the acquisition he said the group’s gross sales are expected to increase from more than £720 million in 2013 to more than £1.2 billion in 2014.
Simon Morse, chairman of Griffin added: “The sale of Griffin provides great opportunities for our people and clients. We are proud that our network of 33 offices are highly attractive to the business activities and strategic objectives of the ATPI Group. We look forward to the exciting opportunities that this deal brings for our collective organisations.”
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