Gray Dawes Group has purchased corporate travel management company Amber Road Travel.
The acquisition of Amber Road Travel (from private equity company Endless LLP) and its Manchester and Leeds offices strengthens Gray Dawes Group’s presence in the north of England, which was re-established following the purchase of INC. Travel Group nine months ago.
The deal sees family-owned Gray Dawes Group’s turnover pass £200m with close to 300 employees.
Suzanne Horner, CEO of Gray Dawes Group, said: "We weren’t necessarily looking to make any acquisitions in 2019 but the opportunity to acquire a highly respected business such as Amber Road Travel was a prospect too tempting not to explore. We have built clear criteria when assessing acquisition opportunities and our joint business synergies quickly became clear."
John McEwan, outgoing Chairman of Amber Road Travel, added: "I am in no doubt that joining the Gray Dawes Group is perfect for the future success of both the Amber Road team and clients alike."
Amber Road Travel is the ninth acquisition announced by Gray Dawes Group since 2015 following the purchase of The Business Travel Partnership, Travel Focus, Travel Management Group plc, Cambridge Business Travel, CTM Travel Management, Giles Travel, INC Travel Group and VIP Leisure.
A member of the global Radius Travel Network, Gray Dawes Group also has offices in London, Manchester, Colchester, Cambridge, Leamington Spa, Amersham and Stoneleigh.
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