TravelSupermarket completes merger

Holiday comparability manufacturers TravelGrocery store and have joined collectively and turn into Ice Travel Group.

The deal, first proposed in mid-May, has now accomplished, with former Icelolly chief Richard Singer turning into chief govt of the brand new enterprise.

Both manufacturers are to be retained throughout the new group.

Singer defined that becoming a member of up the groups and assets will profit shoppers and the trade: “We will be capable to assist extra British holidaymakers discover and get monetary savings on their good vacation.

“By combining we can create and deliver a stronger and broader outbound and UK offer to benefit consumers and our partners.”

He added: “The deal is well-timed.

“Many folks haven’t been capable of get away for a very long time.

“But, not too long ago, holidaymakers from the UK have been steadily returning to the seashores and cities in Europe.

“Outbound demand is finally coming again and bookings are rising for this and subsequent yr.

“I am thrilled to be leading the team at Ice Travel Group and look forward to developing the two brands as the travel industry recovers.”

MoneySupermarket Group is the key shareholder of the brand new enterprise.

Palatine Private Equity and administration, who’ve been concerned with Icelolly for numerous years, maintain a minority curiosity.

TravelGrocery store was based in 2004 and is predicated in London and Ewloe, Wales; it helps UK shoppers discover and get monetary savings on holidays, flights, motels, automotive rent and journey extras corresponding to journey insurance coverage and airport parking.

Icelolly was based in 2005 and is predicated in Leeds; it’s a journey middleman specialising in bundle vacation comparability and offers.

Leave a Reply

Your email address will not be published. Required fields are marked *