Western & Oriental Travel has bought Made To Measure Holidays in a deal which could cost almost £1 million.
The £420,573 deal, which will be made up of £252,344 in cash and 1,019,569 in Western & Oriental shares, could rise by a further £500,000 depending on Made To Measure’s performance for the 12 months finishing May 31 2007.
Western & Oriental has acquired six luxury travel businesses since it floated on the AIM stock market in March this year.
Chairman David Howell said the Made to Measure business complimented it European Ski programme while adding a summer lakes and mountain programme to its portfolio.