United acquisition to double turnover

THE BUSINESS travel division of United Co-op Travel Group has doubled its turnover to &#163 60 million following a new acquisition which has positioned United&#039s Business Travel diivision...

THE BUSINESS travel division of United Co-op Travel Group has doubled its turnover to &#163 60 million following a new acquisition which has positioned United&#039s Business Travel diivision in the top 15 business travel operators in the UK.
The acquired Stafford-based Hourds Travel is a well-respected business travel with an annual turnover of &#163 25 million from its six branches in Milton Keynes, Wales and the North of England.
The acquisition – completed this week for an undisclosed sum – increases United&#039s share of the lucrative business travel sector and brings with it all 75 existing Hourds staff.
Mike Greenacre, General Manager for United Co-op Travel Group, said: "This is another important acquisition for United Co-op Travel Group, which will consolidate and strengthen our position in the sector.
"Hourds is a consistently profitable business with a wide client base and a reputation for good, innovative client services which makes it an ideal complement to enhance and build on the success already achieved by our business travel division.
Added Mr Greenacre: "The acquisition of Hourds Travel, allied to our own organic growth in recent years, consolidates our position as one of the top 15 business travel operators in the UK.
"It also underlines Business Travel&#039s position as a core part of the society&#039s dynamic and diversified Travel Group. With a projected annual turnover of &#163 60 million, our business travel operation will make a significant contribution to Travel Group&#039s developing profitability."

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