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Tourism Holdings set to acquire Aussie competitor Apollo Tourism
Kiwi campervan operator Tourism Holdings Limited (THL) has sealed a deal to buy Australia-based Apollo Tourism & Leisure. The transaction is expected to be completed by the second quarter of 2022.
THL is funding the purchase through a share issue, which will give THL shareholders about 75% of the merged business. The two companies have similar RV rental operations.
On completion, THL plans to file for a secondary listing on the Australian stock exchange.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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