The acquisition of Griffin, for an undisclosed sum, is the second major purchase for the ATPI Group in less than 12 months. In January, it bought Australia’s largest independent travel management company, Voyager Travel.
ATPI Group CEO Graham Ramsey said: " I am pleased to deliver, with the support of ICG, yet another significant growth milestone for the business with the purchase of Griffin.
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."
Simon Morse, Chairman at Griffin, added: "The sale of Griffin provides great opportunities for our people and clients. We are proud that our network of 33 offices is 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."
In 2013, ATPI Group business delivered gross sales of over £720 million. With the acquisition of Griffin, gross sales are expected to reach in excess of £1.2 billion in 2014