Deal Snapshot
UK COURIER ABSOLUTELY SELLS PASSENGER TRANSPORT BUSINESS
Thursday 12 October 2017

UK-based courier company Absolutely has sold its Passenger Transport Division, operated under the Absolutely and Creative Cars brands, to Excel Executive for an undisclosed sum, the company said.
The board of directors has decided to accept an unsolicited offer from Excel Executive to purchase the Passenger transport division of Absolutely. Excel Executive is a large and established, London based, private car hire company, which specialises in business transport, chauffer services, airport transfers. Excel, like Absolutely, also focuses on supporting the TV and film industry.


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Details
Date Published: 12/10/2017
Target: Absolutely/Passenger Transport Division
Country: UK
Sector: Road Transport/Freight Transport
Type: Divestment
Financing:
Status: Closed
Vendor: Absolutely
Buyer: Excel Executive
Comment:
Terms of the deal were not disclosed

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