Minoan Group’s Stewart Travel arm today completed the takeover of Aberdeen-based Martin Singer Travel.
The deal, first announced in March, will bring new business travel revenue to the Scottish travel group.
Minoan said the acquisition is expected to be earnings enhancing in the current financial year.
Martin Singer Travel is a long-established, profitable independent business within eight miles of Aberdeen airport.
Aberdeen has a fast-expanding corporate travel market and Stewart Travel is already engaged in an active marketing drive in the area.
Minoan managing director Duncan Wilson said: “We are delighted to have completed this acquisition and to have established a presence on the ground in Aberdeen in order to build on the group’s initial success in possibly the most vibrant business travel market in the UK.”