The Norad Travel Group has been acquired by Israeli travel company, Talma Shlomo Travel Solutions.
The all-cash deal is part of Talma’s global expansion programme and will see Norad Travel, a strategic partner to Talma for the past six years, become part of the group.
Financial Director Tara Foy and Operations Director Anna McGurk will continue as Directors of Norad Travel while Managing Director Linda Foote will retire after 40 years of service.
Chairman Mick Gibbs will continue as a Non-Exec Director, assisting Talma with its continued international expansion.
Iya Magen, CEO of Talma, said: “The two businesses have got to know each other over recent years, and our shared values and operating culture ensure a complementary fit. In addition, the technology roadmaps of each business provide a powerful platform from which we will drive future innovation and deliver increased client satisfaction.”
Gibbs added: “We have got to know the Talma team well and believe in their ambitions to build a global travel entity. I am particularly happy to see the talent and technology from both organisations come together to create a world-class travel business, which will deliver great service to clients, suppliers, and partners alike.”
Established in 1987, Talma has more than 200 employees working across five locations servicing over 3,000 clients across multiple industries.
Formed in 1981, Norad Travel Group is based in Liss, Hampshire, and is a member of the Business Travel Association, Focus Partnership and the Advantage Travel Partnership.