Online travel specialist, On the Beach, founded in 2004 and who employ 200 staff has been put up for sale by its equity backer. It is expecting to change hands early in 2013 and to achieve a sale value of upto £100m.
The proposed sale is announced despite a planned business move from its current base in Didsbury to Park Square in Cheadle, Stockport later this month as we reported earlier this year here.
The business specialises in selling flights and hotel accommodation for beach holidays in Europe, global long-haul destinations, insurance, airport parking and car hire.
In the year to September, On the Beach carried almost 700,000 passengers, up from 450,000 in the previous 12 months.
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