Announced
Financials
Sources
Tags
Pending
travel services
Private
Friendly
Domestic
Merger
United Kingdom
Travel and Tourism
Acquisition
Majority
Synopsis
Moneysupermarket-backed TravelSupermarket, an online comparison service, agreed to merge with Icelolly, a provider of travel services. Financial terms were not disclosed. "The combination of TravelSupermarket and Icelolly.com will benefit customers of both brands with a richer and more diversified offer as the travel and holiday markets recover. As well as unlocking commercial benefits, the creation of a standalone entity under a dedicated management team will give us greater flexibility going forwards to maximise shareholder returns," Peter Duffy, Moneysupermarket Group CEO.
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