12 December 2022, etc.venues Monument, London
Business Travel Show Europe, presented by The BTN
21 November, London Hilton Metropole
Wings Travel Management has announced the acquisition of Grosvenor Travel Management for an undisclosed sum.
The two companies will continue to trade independently for the rest of the year with a view to consolidate the business under Wings in early 2017.
Founded in 1991, Grosvenor Travel Management specialises travel services to clients predominantly in the oil and gas, security, finance, legal and advertising sectors.
The company’s sixty staff members manage over £60 million in corporate travel sales annually from Grosvenor’s two offices in central and south London.
Wings Travel Management CEO Tony Sofianos said: “This investment demonstrates our commitment to growth in the UK market and lays the final foundation for our plan to transition our global headquarters to London in 2016.
“We spent the last three years looking for the right TMC partner in the UK and during our conversations with Grosvenor Travel Management; it became very evident early in the process, that we shared many common goals and aspirations.”
Dominic Joyce, managing director, Grosvenor Travel Management said: “To move to the next level of growth, we needed to provide a multi-national solution to our clients.
“Our combined business allows us to improve our offering to clients and secures the future for our loyal, long-serving staff.”
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