Holiday operator expands with travel firm deal
A holiday firm has expanded with a takeover.
Active Travel Group has bought MV Luxury Travel.
Under the terms of the deal, Edinburgh-based MV Luxury Travel has been absorbed into Active Travel Group’s UK and Ireland adventure holiday Wilderness business.
Bosses say the agreement for MV Luxury Travel, which primarily serves high-net-worth US travellers keen to sample the British Isles and Ireland, will “bring further scale and operational expertise in premium custom travel”.
They add it marks another step in a growth strategy supported by investment partner Mobeus.
Justin Maltz, Mobeus partner, said: “Active Travel Group is seen as the go-to provider for discerning customers looking for exceptional adventure and experiential travel experiences.
“It has delivered very strong growth in the post-COVID-19 period, and we are delighted to support this acquisition.
“It will add further scale to the business and materially enhance the Wilderness component of the group.”
Active Travel Group’s portfolio includes Ski Solutions, which oversees holidays across Europe and North America; Wilderness England; Wilderness Scotland; Wilderness Ireland; and the London-based Cycling for Softies, which offers cycling holidays across European wine regions.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Time to end London monopoly on arts talent
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs
Time for strategy built on the foundational economy
Why being ‘work-ready’ matters more than ever
The North's future doesn't end at Manchester
Exit or legacy? Why every owner needs a plan
Who speaks up for SMEs when giants get bigger?
The true value of HR in an AI-driven working world