Baupost Group-backed TravelPerk to acquire Click Travel.

Baupost Group-backed TravelPerk, a provider of web-based tool for travelers, agreed to acquire Click Travel, a travel management services company. Financial terms were not disclosed. "We are now not just the dominant player in the UK, we're the leading travel management platform for SMBs globally and the only major travel platform keeping a laser focus on the tech-driven solutions that will stand the test of time. Since March last year, our strategy has been to invest massively in our product offering and in our global reach, so that we were well-positioned for the recovery when it came. Today's news is a major part of that plan," Avi Meir, TravelPerk CEO.