Austin-Lehman Adventures has agreed to buy Euro-Bike and Walking Tours, expanding the company's destination offerings by nearly a third. Founded in 1974, Euro-Bike and Walking Tours offers bike and walking tours in 22 European destinations. With the acquisition, the company adds France, Italy, the Netherlands, Germany, the Czech Republic and Austria to its lineup. Austin-Lehman founders said in a joint statement that despite the economic downturn, they are moving ahead with the purchase as it is something they have been working toward for some time.
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