UK-based Gray Dawes Group has acquired Australia’s Verve Travel and Leisure, which includes both Verve Travel Management and leisure agency Bay Travel and Cruise.
It is the group’s 16th acquisition in recent years and takes Gray Dawes’ combined turnover to more than £600 million and employee numbers up to over 550. Financial terms of the deal have not been disclosed.
After a series of UK deals, the company has established a global presence in recent years, acquiring Australian agency MP Travel and Florida’s Express Travel in 2023, followed by Dutch TMC VCK Travel earlier this year, which Gray Dawes said would “almost double” the size of the business.
“Our clients increasingly want global solutions, even the smaller…