London-based B2B platform JacTravel operates two brands - JacTravel and totalstay.com, both of which will now become part of the WebBeds business.
In a statement JacTravel said Webjet had "entered into an agreement to acquire JacTravel from Vitruvian Partners and its management team who will retain a shareholding in the enlarged group".
Webjet said adding JacTravel to its family would boost its annual total transacted volume to more than £600 million, and would increase the company’s global footprint with offices in 19 countries.
The acquisition will see JacTravel join Sunhotels, Lots of Hotels and FIT Ruum’s in the company’s B2B division WebBeds.
Terry Williamson, chief executive of JacTravel said: “Our partnership with Vitruvian has been invaluable over the last three years in enabling JacTravel to achieve a step-change in its scale, technology, and geographical reach.
"I thank the whole Vitruvian team for their unstinting support, encouragement and contribution. The combination with Webjet is the next logical step in our global expansion vision which will enable us to offer even greater wider reach to our hotel partners and greater choice and value to our customers.”
John Guscic, managing director of Webjet added: "WebBeds has always focused on helping our clients succeed and enabling our partners to respond to fast-changing market trends.
"By consolidating with like-minded partners like JacTravel, we believe we will drive even greater synergies that will benefit the wider travel industry. JacTravel is a company we have worked with for many years, and we have the greatest amount of respect for their business. We look forward to working with the JacTravel team in the weeks and months ahead as we integrate our businesses and develop the best possible outcomes for all of our partners and clients.”
