The deal unlocks further potential for Intrepid to expand into Europe.
Intrepid has announced the acquisition of French adventure travel company Altaï Group, adding $100 million in revenue to the Australian business.
Lyon-headquartered Altaï Group specialises in nature-based, active small group experiences through several brands including Atalante, Altaï Travel, Copines de Voyage, and Les Aventureurs.
“We’re delighted to welcome the Altaï Group to Intrepid. We see the French-speaking market as a massive opportunity to further propel our growth,” said James Thornton, Intrepid CEO.
It is the second European investment for Intrepid, which acquired Dutch operator Sawadee Reizen early last year.
More details in tomorrow’s issue of Travel Daily.