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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