EbixCash has acquired the corporate travel business from Cox & Kings for an undisclosed amount. This is its second acquisition in recent months, after its purchase of Yatra.com.
The company said it has signed a deal with Cox & Kings to transfer its business travel agreements to the EbixCash’s Mercury Travel division.
“Under the agreement, key employees of Cox & Kings will be transferred to the EbixCash payroll, with immediate effect. This transfer agreement is part of EbixCash’s efforts to double its revenues from the corporate travel sector by the end of this financial year, from the previous year,” said EbixCash.
Author: Megha Paul