WH Smith acquires InMotion
| 01 November, 2018
WH Smith has signed an agreement for the acquisition of InMotion, a pure play travel retailer, for US$198 million.
Stephen Clarke, Group Chief Executive, WH Smith, commented: "InMotion is a highly successful pure play travel retailer in the world’s largest travel retail market. The acquisition of InMotion is an exciting value creation opportunity for the WH Smith Group and marks a major step in our international travel retail growth strategy. It doubles the size of our international travel business and provides us with attractive growth opportunities.
“The travel retail market in North America for digital accessories offers significant growth potential. As the market leader, recognised for its best-in-class customer service, InMotion is well positioned to take advantage of that potential."