MONTREAL, Jan. 26, 2012 /CNW Telbec/ - Transat A.T. Inc., one of the
largest integrated tourism companies in the world and Canada's holiday
travel leader, announces the signing of an agreement for the
acquisition of the assets of tour operator Vacances Tours Mont-Royal,
which operates in Quebec under the TMR brand.
"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 A.T. Inc. President and Chief Executive Officer Jean-Marc
Founded in 1969, Vacances Tours Mont-Royal is a tour operator
specializing in the sale of sun packages to destinations including
Cuba, Dominican Republic and Mexico. The company has 80 employees based
in Montreal and nearly 50 at its destinations.
Anna Malito, Vice-President, Strategy & Development — Product, at
Transat, will serve as President and General Manager of Vacances Tours
Mont-Royal, which will continue to operate as a distinct entity, with
its own trademark and existing hotel partners, and will retain the
strong team of employees that has contributed to the company's success
for nearly 40 years.
The acquisition takes effect on February 1, 2012. Details of the
transaction are confidential.
Transat A.T. Inc. is an integrated international tour operator with more
than 60 destination countries and that distributes products in over 50
countries. A holiday travel specialist, Transat operates mainly in
Canada and Europe, as well as in the Caribbean, Mexico and the
Mediterranean Basin. Montreal-based Transat is also active in air
transportation, accommodation, destination services and distribution.
(TSX: TRZ.B, TRZ.A)
SOURCE TRANSAT A.T. INC.
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