Invicta Group Inc. finalises aquisition of CTS

14th Jun 2004

Invicta Group Inc. has announced the acquisition of Caribbean Travel Specialists (CTS). CTS offers travel packages to travel agents and consumers to six Caribbean Islands, with Jamaica being the most popular island. The acquisition has national air contracts, hotel contracts, relationships with tourist boards and trailing revenues of US$2 million.Caribbean Travel Specialists will become the sixth wholly owned subsidiary of Invicta Group Inc; additional acquisitions are targeted for the near future.

David Scott, COO of Invicta Group Inc., states: “Adding a Caribbean Tour Operator to our product mix will help Invicta increase revenues and profitability. We plan to rapidly add additional airline contracts and other island destinations.

The Caribbean is one of North America’s favourite destinations; we will offer travel packages to our travel agent database of 6,500 and start an advertising campaign to consumers in July. Adding CTS to Invicta’s growing business offers our customers more travel options, and increase our database with thousands of new customers.”


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