News Details ...
| Motivcom acquires Protravel and Protravel TB |
| Acquisition will further strengthen P&MM Travel & Leisure promotions division Motivcom plc today announced that it completed the acquisition of Protravel Limited. Protravel specialise in providing travel and entertainment related promotions solutions to leading sales promotion agencies and FMCG brands. Their products and services include travel promotions, group travel and incentives, sports and hospitality packages, prizes for competitions and prizewinner management. Motivcom paid a cash consideration of £1,150,000 for the business. Protravel will become part of the Travel & Leisure Promotions division of Motivcom's subsidiary P&MM, already one of the leading suppliers of travel and leisure promotions and travel-related promotional products to the UK marketing industry. Protravel was established in 1983 and is run by Will Redfern. The company has 8 staff based at Ampthill, Bedfordshire. David Lebond, Executive Director of Motivcom plc and responsible for the P&MM Travel & Leisure Promotions division commented: "This is a fantastic opportunity to strengthen our already powerful position in the sector by acquiring a well-established leading name in this market. The teams have vast experience and there is excellent synergy between them." Will Redfern, Managing Director of Protravel and Protravel TB commented. "I am delighted that Protravel will become part of such a such a dynamic, professional and successful organisation whose capabilities offer exciting new opportunities to our customers and staff." |