lastminute growing through acquisition
Lastminute.com has bought eXhileration, a supplier of experiences such as hot air ballooning and spa trips.
EXhileration already supplies products to lastminute. Its founders, Tim and Nicky Homer will stay on for three years to help acheive growth in the UK and international markets.
Lastminute claims eXhileration, which was founded in 1998, is profitable – achieving sales of nearly £1 milllion in the year to 31 March 2002.
The acquisition will see an initial consideration of £1 million satisfied by the issue of 955,110 new shares in lastminute.com plc, and a further £2 million which will be paid on delivery of material growth over the next three years.
Lastminute chief executive, Brent Hoberman, had already hinted at the announcement when he said at the EyeforTravel event at WTM, that the company would expand through acquisition during the next year.
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.































Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools