Feeds

Lastminute.com buys travel firm

Buy-buy

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Lastminute.com - remember them? - has bought online travel outfit The Destination Holdings Group Limited (DGL) for £12 million in cash and shares.

The one-time dotcom darling reckons the acquisition is good for business and will have an immediate positive contribution to operating cashflow.

DGL has been going for 16 years with 75 per cent of its bookings now made online.

The company trades online under the travel4less brand.

DGL notched up sales of £28.3 million in the year to the end of April 2001 and made a pre-tax profit of £1.1 million.

On Monday lastminute.com, formed a strategic partnership in Germany with LCC24, the newly established online travel agency for Lufthansa City Center.

Lastminute.com said it would acquire 20 per cent of LCC24 for £2.4 million as part of a plan to
create the largest online travel agency in Germany.

By noon shares in lastminute.com were up 4p (4.76 per cent) at 88p. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.