Travel Network Group to acquire Global Travel Group
James ChappleThe Travel Network Group (TTNG) has agreed a deal with dnata Travel Group to acquire its agent consortium Global Travel Group.
The "in-principle" agreement is expected to be finalised in the coming weeks, it was confirmed in a joint statement issued on Thursday (25 June).
Global’s more than 200 members will remain part of a separate membership proposition within TTNG, alongside the Travel Trust Association, Worldchoice and Independent Travel Experts.
TTNG chief executive Gary Lewis said: "We are delighted to be welcoming the Global members into our group. Our longstanding partnership with dnata and Gold Medal is one of the key reasons why we have put together this proposition.
"One of our core strategies as a group is to have scale in the market and be relevant, to ensure we can inspire, grow and protect our individual travel members."
John Bevan, chief executive of dnata Travel Group, added: "As part of the proposed organisational changes that we’ve started to consult with our team on, it seemed appropriate that we gave strategic direction for Global Travel Group to be supported by owners whose focus is solely around their membership proposition.
"We’re confident the many friends we have within Global will continue to thrive with The Travel Network Group and we wish them the very best wishes for the future."
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Place of registration: England and Wales.
Company number 08723341.
Registered address: 6th Floor, 2 London Wall Place, London EC2Y 5AU
