Transat AT acquires Montreal-based tour company
Jan. 26, 2012, Montreal - Vacation company Transat A.T. Inc. is acquiring the assets of tour operator Vacances Tours Mont-Royal, which specializes in the sale of holiday packages to sunny destinations in Cuba, Dominican Republic and Mexico.
January 26, 2012 By The Canadian Press
TMR, which has 80 employees in Montreal, will continue to operate as a distinct entity after the deal closes Feb. 1. Financial details weren't disclosed Thursday.
Transat's vice-president for strategy and development, Anna Malito, will be president and general manager of Vacances Tours Mont-Royal.
Transat operates an airline, travel agencies and vacation packagers under numerous brands. Among its holdings is Air Transat, a chartered airline that specializes in carrying holiday travellers from Canada to southern destinations during winter months and between Canada and Europe during the summer.
"Transat, which already sells 180,000 seats a year to Vacances Tours Mont-Royal, is acquiring a longstanding partner and continuing the implementation of its vertical integration strategy," said Transat AT chief executive Jean-Marc Eustache.
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