Dubai: Dnata, part of Emirates Group, has received regulatory approval to buy the entire issued share capital of UK’s Stella Travel Services, according to a statement by the company on Wednesday.
The acquisition, which was announced in September, includes the UK-based travel agency’s five brands: TravelBag, Travel2, Sunmaster, Global Travel Group and Triton Rooms.
Stella Travel covers key segments of the UK travel market, with its retail, franchise, wholesale, online and call centre options.
In February, Dnata, a Dubai-based provider of travel products and services, acquired Gold Medal Travel Group from Thomas Cook Group. The company’s portfolio also includes Travel Republic, and additional investments in Hogg Robinson Group and Mindpearl Group.
“As dnata’s travel business continues to grow, we look for opportunities to build our expertise, and strengthen our offering to customers, and Stella Travel Services does both,” stated Iain Andrew, divisional senior vice president of dnata’s travel business.
Last year, the UAE was Stella Travel’s most popular destination, according to Wednesday’s statement.
The business will continue under the Stella Travel brand.
