A family-owned Blackpool company, which organises educational trips to destinations all over the world, has been bought in a deal worth £47.2m.
NST organises school trips to worldwide destinations
NST, which is based at Whitehills Business Park, was founded by former maths teacher Vin Craven in 1967 and employs over 250 full-time staff.
The Cheshire based company Holidaybreak has taken it over, in a deal which NST says will offer greater stability.
David Craven, from NST, said it was "an exciting deal".
NST owns a 19th century French country house in Flanders which is used as hotel accommodation. It also operates activity centres in Lancashire and the Ardèche in France.
Holidaybreak said the acquisition made it the market leader in residential, out-of-classroom educational tours and activities.