Specialist tour operator Intrepid Travel has announced two investment deals to expand its product range and global reach. It has taken a stake in UK niche operator Chameleon Worldwide Group as well as an equal shareholding with Australian Pacific Touring (APT) in APT’s touring division Connections. Chameleon carries 3,500 passengers a year and Connections 15,000.…
Intrepid Travel announces two investment deals
Specialist tour operator Intrepid Travel has announced two investment deals to expand its product range and global reach.
It has taken a stake in UK niche operator Chameleon Worldwide Group as well as an equal shareholding with Australian Pacific Touring (APT) in APT’s touring division Connections. Chameleon carries 3,500 passengers a year and Connections 15,000.
Intrepid Travel chief executive Darrell Wade said: “Both acquisitions mean over time we can significantly increase our offering to the trade in terms of an expanded product range and through our ground operations to wholesalers. They help secure our position as a global operating, marketing and distribution travel company.”
The Chameleon deal gives Intrepid access to seven specialist brands, including Wildlife Worldwide, and to an established direct-sell model in the UK. Intrepid’s ground operators will provide Chameleon with tailored worldwide itineraries.
Meanwhile, Connections will be set up as a separate company and its brand developed.
Both deals are subject to formal completion procedures and effective from January 1, 2010.
