Travel business sold to French group

Travel business sold to French group

A West Yorkshire group has sold its travel business to a €90m-turnover French company, providing it with entry into the UK market.

Killgerm Group has sold 100 per cent of the shareholding in Travelwise Group to TPW SAS trading as Travel Planet. The deal includes both the Leisure Travel and the Business Travel operations within Travelwise Group.

Travel Planet, based in Lille, has grown over the past seven years to become a €90m-turnover business with more than 80 employees.

To support its expansion into the UK market, the group has acquired Travelwise Group. The new UK head office for Travel Planet is in Wakefield, which is where the Business Travel operations will be centred. The Leisure Travel operations will continue to be based in Ilkley.

Rupert Broome, group managing director of Killgerm Group, said: "This decision to sell Travelwise Group has been a very tough one to make, not least because Travelwise Group has been a part of Killgerm Group since 1993. That said, it is clear that ownership by Travel Planet will bring significant opportunities both for staff and for sales which is beyond the capabilities of continued ownership by Killgerm Group. As such it would be unfair on staff and the business not to take this opportunity.

"This strategic realignment of the activities of Killgerm Group will now allow us to refocus 100% of our future efforts on our manufacturing and supply activities within the pest control sector across the globe through our Killgerm and PestWest businesses. We have a number of expansion opportunities which we are already exploring."