Travel firms merge to create 7th largest TMC

Wed, 02 Nov 2016 | MERGER

A Manchester-based travel management company is to merge with its Surrey-headquartered rival to create one of the largest travel management companies (TMC) in the UK.

Clarity Travel Management, owned by Mawasem Travel & Tourism, the UK arm of the Saudi Al-Tayyar Group, has acquired Portman Travel for an undisclosed fee.

The deal creates the seventh-largest TMC in the UK. Both firms supply technology and advice to help firms manage their corporate travel efficiently.

Clarity, which was founded in 2015, has grown rapidly since its formation, employing 300 staff at its Manchester headquarters and across the UK and handling more than one million business travel trips for its clients each year.

The company’s chief executive, Pat McDonagh, said: “This is fantastic news for our customers; it brings together the heritage of two great business travel companies along with the strengths and depth of people and systems.

“Portman Travel and Clarity are similar sized organisations, each with a proven track record – yet together we have an opportunity to create something that is truly market leading.

“The merger brings together the best talent and experience from both businesses to create a new travel management company with increased buying power, international reach and expertise through a significant shareholding in Radius Travel, a broader base, market leading technology and best in class service.”

Take a look at our buying a business page for more information on buying and selling businesses.


Share this article



Latest Businesses for Sale

Day Spa
Manchester, UK Wide

A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.

Asking Price: £315,000
Turnover: £600,000

LEASEHOLD


Automotive Repair Business
Gloucestershire, UK Wide

This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.

Asking Price: £925,000
Turnover: £414,249

FREEHOLD


CNC Precision Engineering Firm
Isle Of Wight, UK Wide

A remarkable opportunity has emerged to acquire an established precision engineering business which has cemented solid foundations since it began trading in 1998. Offers invited.

Asking Price: £1,200,000
Turnover: £907,946

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Apr
 

Cambridge artificial intelligence / machine learning company bought by customer | BUSINESS SALE

Early stage advanced data analysis company Rinocloud has bee...

 
19
 
Apr
 

Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...

 
18
 
Apr
 

Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources