THE Online Travel Corporation has acquired rival web-agency and
technology company Travelstore.com in a deal worth £2.1 million.
As part of the deal OTC has also acquired Travelstore
subsidiaries Oxford Technology Solutions, Amersham Travel limited and
Equator-net.
The aim is to strengthen OTC’s presence in the business
travel marketplace. The company’s Joint Venture Travel operation, which serves
the business market, is to rebrand under the Travelstore name.
OTC’s leisure brands, which include the Bargainholidays.com
website, will be retained.
OTC chief executive Mark Jones said: “With Travelstore on
board, we intend becoming a key mover and shaker in the business travel
marketplace.”