The Travel Network Group (TTNG) has completed its acquisition of The Global Travel Group, adding 285 members to the consortium.
An in-principle deal was agreed in June for TTNG to acquire Global from the dnata Travel Group, but due diligence has now been completed – taking the total number of TTNG members to 1,125.
The 285 Global Travel Group members will remain a separate membership proposition within TTNG, alongside the Travel Trust Association (TTA), Worldchoice and homeworking division Independent Travel Experts (ITE).
Since June, TTNG has hosted several webinars and weekly zoom calls with Global members, to explain products and services available to them after the completion of the acquisition.
Gary Lewis, chief executive of The Travel Network Group, said: “We’re delighted to welcome The Global Travel Group and its 285 Members to The Travel Network Group.
“We strongly believe that now is a crucial time for travel businesses to stand together and we believe members of both The Global Travel Group and The Travel Network Group will benefit greatly from the additional scale and opportunities the acquisition brings.
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“Our purpose is to inspire, grow and protect our individual travel Members and we’re thrilled to be able to support our existing membership propositions through strengthening our core business, whilst facing the current challenges together.”
John Bevan, chief executive of dnata Travel Group, added: “We’re pleased to have been able to complete this process and wish the very best to The Global Travel Group members in their future as part of The Travel Network Group. We know they’re in great hands.
“I want to thank the entire Global team for their professionalism, hard work and efforts during the sale process and over the years.”