Norwegian Cruise Line has completed its purchase of Prestige Cruises International, the parent of luxury Oceania Cruises and Regent Seven Seas Cruises.
The deal, worth more than $3 billion, will see eight ships join Norwegian’s fleet of 13 vessels.
Norwegian president CEO Kevin Sheehan said: "While for years we have competed successfully with our one brand in an increasingly consolidated industry, our acquisition of Prestige creates a new cruise operator with a range of complementary offerings as diversified as any in the industry.
"We now shift our focus from planning for the successful integration of these organisations to the implementation phase, with an organisational structure that allows for the realisation of significant synergies while maintaining the integrity of the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands that have made each a success in their respective segment."
Camille Olivere, Norwegian’s senior vice president of sales, has left the cruise line.
Her departure was announced yesterday by executive vice president of sales Andy Stuart in a communication to travel agent partners in the US.
"The entire Norwegian Cruise Line family deeply appreciates the role Camille has played in our company’s unparalleled success over the years, and we thank her for her many contributions during her time as a Norwegian," he said.
"Since she joined the team in 2009, Camille was instrumental in developing several key areas of the business, including building our business across our North American travel partners and strengthening our relationships with all of our key partners during a period of unprecedented growth."
Olivere had served in the role as Americas’ senior vice president of sales since 2012, and previously held senior sales positions a Travelport, American Express, GE Financial and United Airlines.
Prestige was previously owned by private equity firm Apollo, which also owns 20% of Norwegian.
Its chairman and CEO Frank Del Rio will remain CEO.
