Fast growing online holiday firm flexes its muscles with £20m acquisition
Fast growing online holiday firm On The Beach has announced the £20m acquisition of Classic Collection Holidays.
Its subsidiary, On The Beach Travel, has completed the deal for the Worthing-based firm which reported EBITDA of £2.6m and gross assets of £18m in its latest accounts for the year to Ocrober 31, 2017.
The firm believes the acquisition will be earnings enhancing in the first full year of ownership, including some initial investment from On The Beach.
Last month announced On The Beach announced its relocation from... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...