Travelzest plc, an online travel group offering specialist travel programmes, has acquired the assets of The Malaysia Experience from Bob Mortimore Travel Limited for £45,000.

Published: 12 Feb 2008

Travelzest plc, an online travel group offering specialist travel programmes, has acquired the assets of The Malaysia Experience from Bob Mortimore Travel Limited for £45,000.

The Malaysia Experience brand will be maintained and will operate as part of Travelzest's Faraway Holidays business, a specialist in luxury tailor-made holidays and tours to Vietnam, Cambodia, Bali and Thailand.

The acquisition extends Faraway Holiday's expertise and knowledge into Malaysia, introducing a range of new destinations across the country. The expanded customer base presents a number of cross-selling opportunities and the enhanced product range will appeal to a wider audience.

Faraway Holidays was launched by Travelzest in August 2006 and from inception to October 2007 it achieved turnover in excess of £1.5 million.

Chris Mottershead, Chief Executive of Travelzest, said: "The Malaysia Experience brand is an excellent fit with Faraway Holidays, with both having built a reputation for providing high quality, tailor-made holidays. This is a great opportunity to enhance the range of destinations offered by Faraway Holidays, our Far East specialist, and to continue to develop this business."