H.I.S. Co. acquires 89.9% of Merit Travel Group
On December 12, 2016, Merit Travel Group announced an investment agreement with H.I.S. Co. Ltd., under which H.I.S.–Merit Travel Inc., a Canada-based holding company formed for this purpose, will leverage the Merit brand, particularly in North America, to grow its travel business through strategic acquisitions around the world, under the leadership of Merit founder Michael Merrithew.
The transaction closed on December 31, 2016.
Merit Travel Group, a privately held, owner-managed company, is one of the largest independent travel companies in Canada.
H.I.S. is a leading global travel services company, operating more than 300 retail locations in Japan and 200 branches in 130 cities around the world in addition to its amusement parks, airline and hotel chain.
Further information can be found on Merit's website.