Irish based company Fexco purchases London based foreign exchange services provider Currency Exchange Corporation. This will see them grow their own retail arm No1Currency number of outlets across the UK to 110 branches by the end of 2016.
Founder of CEC Mike Cooke will continue to work with Fexco and commented "I greatly look forward to working with the team from FEXCO as part of this exciting venture."
Managing director of foreign exchange services at FEXCO Joe Redmond stated "The UK foreign exchange market is still the most attractive in the world with approximately £9billion worth of foreign currency changed by FX operators annually on behalf of customers.
"CEC has developed a prominent position in the London market and a very strong reputation amongst customers based on value and service, two core values which are also very important to FEXCO making this acquisition a natural fit for us."
No1Currency offers both travel money options, Home delivery and High Street click and collect from its branches across the UK.
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