Indian OTA Yatra agrees to acquire corporate travel firm ATB
Indian OTA Yatra agrees to acquire travel firm ATB which has more than 400 medium and large sized corporate clients and some 700 agents, with gross annual bookings of around $230 million.
India’s Nasdaq-listed OTA Yatra.com has agreed to acquire Air Travel Bureau(ATB) for an undisclosed sum.
A statement said that ATB is India’s largest independent corporate travel services firm, with gross annual bookings of around INR 15 billion ($230 million). By combining ATB with its existing business travel operations, Yatra believes it is now the biggest corporate agent in India.
ATB is part of the Uniglobe network, and has more than 400 medium and large sized corporate clients. It was founded in 1962 and has some 700 agents in its books.
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