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McEwan announces latest acquisition
Former ABTA chairman and Advantage CEO John McEwan announced today that a company of which he is non-executive director has bought independent travel management company Cassis Travel Services (CTS Limited).
EFR Travel bought the London and Surrey-based business, which was established in 1978 and has a turnover of £10 million.
McEwan said: "We are delighted to have purchased CTS Limited. It is an established business, with an excellent client base and very experienced and loyal staff. We believe that bringing CTS Limited into the EFR Group will provide great synergies and a broader platform from which to grow the business further."
Edward Rom, founder and managing director of EFR Travel said: " This is the first step towards the substantial growth of the EFR Travel Group and there will be mutual benefit to all businesses in the Group, as a result of this purchase. I am also excited at CTS Limited building on their relationship with Cassis Travel Services Inc (a separate company) which has offices in New York and Los Angeles."
EFR Travel and Cassis Travel Services Limited are both members of the Advantage Travel Partnership.
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Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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