A travel centre based in Hagley has been purchased for an undisclosed sum by Good Travel Management, in a strategic acquisition deal.
Good Travel Management, which is headquartered in Hull, has acquired Mercian Travel Centre in a bid to open new markets for the company in the Midlands and the South of England.
As a result of the acquisition, the travel group will now become the sole shareholder in Mercian Travel Centre, following the retirement of its former owner – and founder – John Downing.
Good Travel Management has been trading for 120 years and this purchase marks the first time it has expanded beyond its local area. Specialising in tour operations, trade missions, business travel and high-end leisure travel, the firm is particularly well known for its expertise in arranging trips to the Middle East and Libya.
General manager at Good Travel Management, Kevin Harrison, said, "We are very pleased with this acquisition because Mercian Travel Centre is an extremely good business.
"The firm has experience in a host of travel sectors similar to our own, so it is a good fit with our business. Its record in delivering trade missions was of particular interest because we have been increasingly specialising in this area and the acquisition strengthens our offer," he added.
It has been confirmed that Mercian Travel Centre will continue trading under the same name and all members of staff will be kept on.