SINGAPORE - Wings Travel Management - a specialist travel provider to the corporate, oil, gas and marine industries - is expanding its presence in the Asia Pacific region with the acquisition of a 70 per cent stake in Olympia Travels & Tours (S) Pte Ltd in Singapore.
The purchase is for for an undisclosed sum, Wings said in a media release on Monday (Oct 16), with the acquisition due for completion by Jan 1, 2018.
Wings said the Singapore acquisition gives it the platform not only to grow its business in AsiaPac, but also the operational capabilities to fully service clients across the region via a hub and spoke model.
Incorporated in Singapore in 1982, Olympia Travels is a medium-sized corporate travel company, providing personal tailored travel services to national and international clients primarily in the energy, marine and corporate sectors. It employs 30 professionals.
The acquisition also coincides with Wings' appointment of Nicole Liang to its newly created position of VP Asia Pacific, based in Singapore. Wings said she brings 27 years' corporate travel experience in the Asia Pacific market, with specific strengths in the energy and marine sectors. For the last four years she has held the post of director of operations SEA at FCM Travel Solutions where she founded the TMC's marine and energy brand.
Established in 1992, Wings has 16 wholly owned and managed regional operations in locations worldwide including Aberdeen, Cape Town, Dammam, Dubai, Houston, Johannesburg, Lagos, Luanda, London, Maputo, Stavanger, and Rio de Janeiro. It employs over 400 people and has a turnover of around US$325 million.