Press Release - September 2022
CMAC Group, the managed ground transport specialists, has acquired Barcelona headquartered Suntransfers, further delivering CMAC’s growth strategy, bolstering its supply chain and providing immediate coverage to its existing clients across 23,000 destinations.
Suntransfers was founded in 2008 and is one of Europe's largest door to door airport transfer companies, offering global travel solutions across more than 750 airports and travel gateways worldwide. Employing over 30 industry specialists, the firm manages around 400,000 bookings per annum and is on track to exceed its pre-pandemic revenues by FYE 2022.
The strategic move provides both CMAC and Suntransfers with diversification of services and added resilience, delivering a combined turnover of £120m+ and a total headcount of over 270 people based across eight offices.
Suntransfers’ team will continue to deliver a best-in-class customer service. This acquisition supports CMAC Groups’ plans to pursue further expansion across Europe and beyond over the next two years.
Peter Slater, CEO of CMAC Group, said:
"We're excited to announce this acquisition and join forces with Suntransfers. The acquisition will facilitate powerful new developments for both businesses, and, together, we will continue building a stronger presence internationally whilst providing a wider range of market leading services focused on client service excellence."
Nathan Timmins, Managing Director of Suntransfers, said:
"We're immensely proud of our history and achievements. Joining forces with CMAC Group means that we can accelerate our growth whilst offering more specialised services. We have much in common with CMAC, particularly our passion for our customers and continued innovation - we are very excited about our new future together.”
The acquisition follows a period of continued growth for CMAC Group, with the business reporting a 45% increase in revenue and 7% headcount growth in 2021, in a year which saw the firm transport more than two million travellers for the first time.