Fexco completed the acquisition of Sainsbury’s (Travel Money) from J Sainbury.

Fexco, an Irish financial services and foreign exchange company, completed the acquisition of Sainsbury’s (Travel Money) a business primarily focused on providing foreign exchange services to customers, both in-store and online, from J Sainbury, a major UK-based retailer, primarily known for its supermarkets. Financial terms were not disclosed. “We are thrilled to welcome Sainsbury’s Travel Money, its talented team. The reputation and reach of the Sainsbury’s Travel Money business, with over 220 locations, make it a perfect fit with our commitment to delivering market-leading travel money services. Since 1981, Fexco Group has built a legacy of outstanding customer service, delivered through strong partnerships and product innovation. We are excited to extend that same level of excellence and continuity to the exceptional Sainsbury's group as we bring the Sainsbury's Travel Money business into the Fexco Group family," Neil Hosty, Fexco Group CEO.