1st Jun 2015 07:45
LONDON (Alliance News) - Transport company Rotala PLC on Monday said it has acquired Wings Luxury Travel Ltd's business, brand and vehicle fleet in a GBP1.5 million cash deal.
Rotala said Wings is a luxury coach services provider in the London area with 17 vehicles in its fleet. The business will transfer to Rotala's existing Heathrow depot.
Rotala said the acquisition is not expected to have a material impact on its 2015 earnings but it expects the deal to be earnings accretive in future years after the integration of the operations is complete.
Shares in Rotala were up 0.3% to 65.675 pence on Monday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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