Q-Park and Holiday Extras form an alliance
In a joint statement, Ward Vleugels, Chairman Executive Board of Q-Park NV, and Stephen Lawrence, CEO of Holiday Extras, said the sale was compelling for both businesses because they could both focus on their strengths.
It allows Q-Park to focus on real estate and pursue it's core markets of City Centre, Railway and Health Care parking, while Holiday Extras will build scale in one of it's core markets, Airport Parking. As a result Holiday Extras will offer it's customers and distributors a wider choice of product and it's suppliers substantially greater revenue opportunities.
Holiday Extras is the leading provider of airport car parks, airport hotels, and airport hotels with parking in the UK and Germany. In addition, Holiday Extras offers a range of Theatre and Theme Park breaks, Airport Lounges at UK airports and is a major provider of travel insurance to the UK travel trade. The combined business will have a turnover of £170m, operate airport car parks at 9 major UK airports and make over 3 million bookings each year.
Holiday Extras is the winner of numerous trade and consumer awards for best web site and best holiday add-ons and has, for the last three consecutive years, been awarded a top 50 place in The Times Best Companies Guide.
Q-Park is one of the top three European parking companies who owns manages and operates car parks throughout Europe. It has expanded rapidly with excellent presence in the Netherlands, Germany, Belgium, United Kingdom, France, Ireland, Denmark, Sweden, Finland and Norway.
For more information please contact:
Q-Park NV: Ward Vleugels, Chairman, Executive Board Chairman on +31 433 297 171
HolidayExtras: Stephen Lawrence, Chief Executive Officer on +44 1303 815 307
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