Hays Travel Expands with Spear Travels Acquisition

Deal News | Jun 05, 2025 | B Daily

Hays Travel Expands with Spear Travels Acquisition

Hays Travel, the Sunderland-based national holiday firm, has announced its acquisition of the Spear Travels Group, a move that aligns with the company's broader expansion strategy. The acquisition includes Spear Travels' 12 UK store locations and its homeworker network. Notably, there will be no job losses as a result of the takeover, allowing business operations at locations such as Skipton, Stoke-on-Trent, and Upminster to proceed without disruption under the Spear Travels brand. Under the leadership of Dame Irene Hays, the acquisition is seen as mutually beneficial, promising enhanced opportunities for development and career progression for the Spear Travels staff. The purchase follows Hays Travel's previous acquisition of Miles Morgan Travel and underscores its ongoing strategic growth in the travel sector.

Sectors

  • Travel and Tourism

Geography

  • United Kingdom – The geography is relevant because both Hays Travel and Spear Travels Group operate in the UK, and the acquisition involves the transfer of UK-based stores.

Industry

  • Travel and Tourism – This industry is relevant as the article discusses Hays Travel's acquisition of Spear Travels Group, both of which are companies operating in the travel and tourism sector.

Financials

    Participants

    NameRoleTypeDescription
    Hays TravelAcquirerCompanyA Sunderland-headquartered national holiday firm expanding its operations through acquisitions.
    Spear Travels GroupTarget CompanyCompanyA travel agency with a 12-store network and a homeworker group in the UK.
    Dame Irene HaysChairPersonCo-founder and chair of Hays Travel, leading the strategic expansion of the company.
    Peter CooksonFormer Managing DirectorPersonFormer Managing Director of Spear Travels, involved in building the company.
    Libby CooksonFormer ExecutivePersonPart of Spear Travels leadership along with Derek Adams.
    Derek AdamsFormer ExecutivePersonPart of Spear Travels leadership along with Libby and Peter Cookson.