friezenberg set to acquire seaforths travel

in talks to acquire business travel specialists Seaforths Travel from the TelMe group in a deal worth £4 million.

In addition to acquiring Seaforths, Friezenberg will also take control of the TelMe travel technology businesses. The deal is expected to be completed later this month.

A statement issued by TelMe said it was selling its travel interests because they had not performed as expected. It also hopes to reduce the risk of making losses because of the difficult trading conditions faced by the travel industry.

TelMe will now concentrate on its customer relationship management interests.

Meanwhile, interim results for the six months ending September 30 revealed TelMe made a loss of £200,000, compared to losses in the same period last year of £700,000.