Gray Dawes snaps up rival Amber Road

THE Gray Dawes Group has continued on the acquistion trail by snapping up rival TMC Amber Road – it's ninth purchase since 2015. The deal pushes the company’s annual turnover to more than £200million and increases its workforce to around 300.

Gray Dawes Group bought Manchester-based INC Travel Group nine months ago, and the latest purchase – for an undisclosed fee – further bolsters the TMC'S presence in the north of England.

The TMC’S CEO, Suzanne Horner, says: “Contrary to expectations we weren’t necessarily looking to make any acquisitions in 2019 but the opportunity to acquire a highly respected business such as Amber Road Travel was a prospect too tempting not to explore.”