London-based Walsh International Travel has been acquired by US-based travel management company Altour.
The deal, which comes into effect on December 1, will increase Altour’s UK turnover to more than £40 million.
Walsh International Travel will continue to operate as a separate business division within the Altour Group, but staff will move into Altour’s London office.
Walsh International is currently owned by John Walsh and Chris Watson.
Walsh is staying with the company but Watson will leave and focus on other interests outside travel.
Nigel Parkinson, Altour’s general manager, said: “It has long been Altour’s objective to grow our European footprint to complement the US business.
“We are in conversation with individuals about becoming self-employed but within the Altour organisation and also in dialogue with potential European partners in key markets.”
by Bev Fearis
