Business travel agency Medway Travel has been sold to fellow travel firm, the CTT Group, for an undisclosed sum.
The sale came after husband and wife founders Paul and Caroline Julius, who established the Maidstone-based business in the 1990s, wanted to retire.
The company, which employs 21 staff, works closely with schools and colleges organising arrangements for overseas trips for students and staff as well as running corporate and leisure travel management services.
Tunbridge Wells-based CTT Group, founded originally as Country Trails Travel in the 1980s, has pledged to retain all the Medway employees.
Paul Julius, who will remain involved with Medway Travel to oversee the integration of the two organisations, said: “I am delighted with the outcome of the sale and firmly believe that in the CTT Group the right partner has been found to take the business forward.”
Andy Denny, deal leader at BCMS Corporate which brokered the sale, added: “We’re extremely pleased to have concluded the sale of Medway Travel. There was considerable interest in the business but it was clear to all concerned that the CTT Group represented the best fit.”
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