The parties intend to pursue a combining and growth of their liveaboard fleets, while separately continuing the international growth of blue o two, which is already the UK’s largest scuba diving tour operator, as a provider of worldwide adventure travel products. The deal is expected to be completed by the end of 2016, with the re- branding and combining of fleets expected to follow 18-24 months after the subsequent closing of the merger, subject to regulatory and board approval.
The combination of these two like-minded and complementary businesses will create a leading player in the dive industry. It is the culmination of four years of talks and an extension of the existing partnership that they began with formation of Master Liveaboards in 2014.
Following completion of the transaction board members and other executives, as well as the name of the merged group, will be announced.
In a joint statement, the owners of both companies said…
“We are extremely excited about the future. We are looking forward to using the combined innovation and passion that both companies are already known for to continue to expand our product range globally by investing in an ever growing portfolio of international destinations. It will allow us to provide both our existing and future customers with an unparalleled service to build a sense of adventure and excitement from the moment they discover our products and services”