Aller Leisure acquires five travel agencies to form whole corporate structure

    Aller Leisure acquired a group of five Danish travel agencies: Gislev Travel, Cultural Travel Europe, Nilles Travel, Nyhavn Travel and Last Stjernegaard Travel (standby.dk, 19-Nov-2018). The agencies will continue to operate under individual trademarks, but will operate under the Aller Leisure corporate structure. The travel agencies have a combined estimated net worth of over NOK1 billion (EUR103 million) and a client base of over 100,000 travellers p/a. Aller Leisure CEO Morten Aaberg Sørensen said the acquisition may include joint purchases through the company’s finance department and the idea is to “get a much closer coordination of everything we buy in”.