Aller Leisure acquires five travel agencies to form whole corporate structure

20 November, 2018

Aller Leisure acquired 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 DKK1 billion (EUR134 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".