Direct Travel has acquired ATPI, making a journey administration firm with an annual journey quantity of greater than $6 billion, the corporate introduced on Monday.
Terms of the acquisition weren’t disclosed.
Direct Travel, primarily based in Centennial, Colo., sits at No. 13 on Travel Weekly’s Power List with 2024 gross sales of $4.4 billion, whereas ATPI, primarily based in Manchester, England, is No. 18 with $1.9 billion in 2024 gross sales.
The mixed firm will probably transfer up a number of locations on the checklist; Navan, No. 9, had an estimated $6.1 billion in 2024 gross sales, Internova, No. 10, reported $6 billion and CTM, No. 11, reported $5.82 billion.
In a launch, Direct Travel mentioned the 2 corporations have been strategic companions for years, and the acquisition is a pure evolution of that relationship. Direct additionally mentioned it’s going to speed up the worldwide rollout of its expertise platform, Avenir Travel Edition.
Additionally, ATPI brings deep data in specialty company markets, together with vitality, marine, sports activities and mining, Direct Travel mentioned, including it’s going to make investments to broaden its attain in these segments.
CEOs weigh in on the deal
“ATPI has a commanding presence in the international travel management space and a strong history of collaboration with Direct Travel, making them a perfect fit to strengthen our efforts in delivering exceptional service at scale,” Direct Travel CEO Christal Bemont mentioned. “This partnership represents a pivotal moment in reshaping managed travel, allowing us to deliver tailored solutions and a seamless experience for clients across a range of sectors and of all sizes and locations.”
ATPI CEO Ian Sinderson referred to as the mixed firm “a compelling alternative to mega-agencies for global travel throughout our range of extensive geographic markets and business lines.”