Experience Co Limited confirms the completion of the company’s business acquisition of GBR Helicopters Pty Ltd and GBR Holdings Pty Ltd (GBR Helicopters), yesterday afternoon.
GBR Helicopters is the largest helicopter operator in North Queensland, offering flights over the Great Barrier Reef and Daintree Rainforest.
Consideration for the acquisition was AUD $19.6M, which included a payout of a debt facility.
EXP CEO and Executive Director, Mr Anthony Ritter, said “The GBR Helicopters acquisition strengthens the company’s position in the Far North Queensland adventure tourism and experience market.
Helicopter flights over the Great Barrier Reef and Daintree Rainforest are world class experiences, and we are fortunate to add such a wonderful product to our portfolio of highly recognisable and respected company and adventure brands.
When you add this acquisition to the existing products we offer customers, we are well on our way in becoming the largest and most respected adventure tourism company in the world.”
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