FIRST Choice is to acquire adventure holiday specialists
Exodus Travels in a deal worth £8.75 million.
Exodus specialises in sending small groups to over 80
countries.
First Choice chief executive Peter Long said: “We are
delighted to welcome Exodus to the group. We have a successful track record of
acquiring, integrating and building specialist businesses and Exodus fits
perfectly with our criteria for acquiring specialist businesses. It has a
clearly focused business model with premium margins, excellent growth potential,
strong brand recognition and proven management expertise.”