BDO advises Cruise.co on its €25m acquisition of Kreuzfahrtberater
09 August 2017
Cruise.co, the specialist online travel agent serving the UK ocean cruise market, has acquired Kreuzfahrtberater, the leading German cruise OTA in a €25m deal.
The acquisition will result in the company having operations in the two largest cruise markets in Europe and will create a combined group with TTV over €250 million.
Having sold Cruise.co to Bridgepoint in August 2016, this transaction builds on BDO’s extensive expertise in leisure travel transactions. Other BDO travel deals include: Audley Travel, Scott Dunn, Great Rail Journeys, Neilson, JAC Travel, Travel Republic, Imagine Cruising, Stella Travel, Gold Medal Traval, Essential Travel, Isango!, Explore Worldwide and IGLU.
“This transaction allows us to diversify our business by moving into a new large cruising market and represents a major step forward in Cruise.co achieving its strategic aim of becoming the leading pan-European cruise online travel agency.”
Seamus Conlon, CEO, Cruise.co