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.”
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The business offers a unique opportunity to invest in a company dedicated to providing exceptional care while promoting independence for young adults.
The business was founded over 15 years ago and is well renowned for their holistic service; delivering a compassionate, reliable and professional service to the variety of Children and Adults they support.
The business provides sought after services to assist NHS Mental Health Trusts and CCGs. Currently clients being supported are living with various diagnoses including; Learning Difficulties, Autism, Schizophrenia and Depression.
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