Cendant Corporation Completes Acquisition of Gullivers Travel Associates and Octopustravel.com
Cendant Corporation announced that it has completed the acquisition of privately held, UK- based Gullivers Travel Associates, the trading name of Donvand Ltd., Travel Bound, Inc. and Octopus Travel Group Ltd. Gullivers is a leading wholesaler and global online provider of hotels, destination services, travel packages and group tours.
"Our acquisition of Gullivers positions Cendant as a leading global travel intermediary," said Samuel L. Katz, chairman and CEO of Cendant's Travel Distribution Services Division. "Over time, we expect the acquisition to provide considerable cross-selling opportunities in our customer channels and facilitate our growth strategies in China and Japan."
About Cendant Corporation
Cendant Corporation is primarily a provider of travel and residential real estate services. With approximately 90,000 employees, New York City-based Cendant provides these services to businesses and consumers in over 100 countries.
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