Online Vacation Center Holdings Corp. has acquired West University Travel, a travel agency focused on providing luxury personal travel products such as cruises, European tours and all-inclusive vacations. (1/8/2007)
Online Vacation Center Holdings Corp., an aggregator of diversified vacation sellers, purchased West University Travel for a combination of cash, to be paid in installments, as well as Online Vacation Center Holdings common stock. The acquisition is expected to be accretive to earnings in 2007.
West University Travel, founded in 1991, is a full service travel agency located in West University Place.
Part of our acquisition strategy involves consolidating regional travel agencies where it makes sense and we believe the business and customer base of West University Travel will be very complementary to Journeys Unlimited, the upscale Houston-based travel agency we acquired in September 2006, said Ed Rudner, chief executive officer, Online Vacation Center Holding Corp.
The acquisition also further adds to our customer database and expertise in the upscale travel segment, said Rudner.
