Hogg Robinson Group to acquire eWings.com

Hogg Robinson Group's shares are down after it agreed to acquire eWings.com, a next-generation travel management company.

The acquisition was expected to complete within the next 15 working days. Financial details of the deal were not immediately available.

eWings.com provided a fast and easy-to-use solution for digital business travel with a quick-to-start process and low-cost service model.

"eWings.com gives us a speed to market advantage in the small business space and means we can accelerate our new distribution strategy across the whole market," said Hogg Robinson.

Operating in Germany, eWings.com has the same omni-channel capability being developed by Hogg Robinson Group-owned HRG for its global corporate clients.

"There will be both technology advantages and synergies which will flow easily between the teams," the company said.

At 12:17 BST, shares in Hogg Robinson were down 1.41% to 70p each.