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A travel company based out of offices in Manchester has been acquired by a rival operator as it aims to expand its range of services, according to reports.
An undisclosed sum has seen Delta Travels’ Manchester-based business bought out by Key Travel, which is head-quartered in London but has a significant office space presence in the north-west of England.
Delta Travel specialises particularly in arranging trips for academics, while Key Travel’s primary areas of expertise lie in the more general field of organising non-profit excursions and holidays worldwide.
Key Travel’s chief executive Steve Summers said on his company’s purchase: “Delta Travel’s highly-trained staff and excellent client relations will be a great asset and will extend our reach within the academic market and enhance our overall value proposition.”
Delta Travel is based in offices on Oxford Street in Manchester and is operated currently by the son and daughter of Dr Andreas Kanaris and his wife Vivi who founded the business back in the 1970s.
The company, which also has offices in Birmingham and Liverpool, turns over around £9 million annually and employs 21 people in all.
The daughter of Delta’s founders Vera Philippou said: “There is a natural synergy between the two companies and we are very excited about this move. It will allow us to enhance our offering to our customers, who will benefit from a broader range of great value fares and value-added services.”
In other Manchester office space news, the insurance and risk advisory business Aspen Risk Management recent opened its first office in the city at 3 Hardman Street in Spinningfields.