Yatra acquires corporate travel service provider Air Travel Bureau

By : |July 25, 2017 0

Gurgaon based online travel agency and search engine, Yatra.com has acquired corporate travel service provider Air Travel Bureau(ATB) for an undisclosed amount. As a part of the deal, Yatra will be taking over all of the ATB’s debts and shares.

Commenting on the deal, Yatra co-founder and CEO Dhruv Shringi said, “We believe that as a combined entity, we are now the largest corporate travel services platform in India by gross bookings. This acquisition will allow us to deliver best-in-class experiences to an even wider set of travelers, through our web and mobile app platforms and enhance our reach to cross-sell our entire product suite, including hotels, to this customer base.”

The first part of the transaction will be closed by mid-August 2017 while the second part will be concluded by the second quarter of 2018.

                                 

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According to the company statement, ATB is India’s largest independent corporate travel services provider with gross bookings of Rs 1,500 crore, generated through a client base of over 400 large and medium-sized businesses spread across the country.

ATB specializes in corporate travel management, MICE operations, and leisure tourism and has been in this business for 54 years with a pan-India presence through a team of over 700 travel experts.

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