Compagnie des Alpes acquires Austrian theme park Familypark
POSTED 22 Mar 2019 . BY Luke Cloherty
French theme park and ski resort operator Compagnie des Alpes (CDA) has acquired Austria's Familypark in a deal worth €72.5m (US$82m, £62.3m).
The deal sees CDA assume 100 per cent of the shares in the theme park, which is located in the tourist region of Neusiedl Lake, near Vienna.
Familypark welcomed 716,000 visitors in 2018, of which around 30 per cent were from neighbouring Hungary and Slovakia.
The park made revenues of €19.1m (US$21.6m, £16.4m) with pre-tax profits of €6.8m (US$7.7m, £5.8m) during the financial year 2018.
CDA made note of the 13 hectares of land reserves adjacent to the park in a statement on the deal, perhaps pointing to potential expansion and development.
"This acquisition is perfectly in line with the strategy that the group has deployed over several years in our parks," said Dominique Marcel, CDA chairman and CEO.
"It will reinforce the geographical coverage of our very coherent park portfolio. We are, therefore, very pleased to welcome Familypark among our sites.
"In this context, the group will continue its efforts to seize value-creating acquisition opportunities."
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Compagnie des Alpes acquires Austrian theme park Familypark
POSTED 22 Mar 2019 . BY Luke Cloherty
French theme park and ski resort operator Compagnie des Alpes (CDA) has acquired Austria's Familypark in a deal worth €72.5m (US$82m, £62.3m).
The deal sees CDA assume 100 per cent of the shares in the theme park, which is located in the tourist region of Neusiedl Lake, near Vienna.
Familypark welcomed 716,000 visitors in 2018, of which around 30 per cent were from neighbouring Hungary and Slovakia.
The park made revenues of €19.1m (US$21.6m, £16.4m) with pre-tax profits of €6.8m (US$7.7m, £5.8m) during the financial year 2018.
CDA made note of the 13 hectares of land reserves adjacent to the park in a statement on the deal, perhaps pointing to potential expansion and development.
"This acquisition is perfectly in line with the strategy that the group has deployed over several years in our parks," said Dominique Marcel, CDA chairman and CEO.
"It will reinforce the geographical coverage of our very coherent park portfolio. We are, therefore, very pleased to welcome Familypark among our sites.
"In this context, the group will continue its efforts to seize value-creating acquisition opportunities."
Global luxury hospitality brand, Six Senses, has partnered with longevity healthcare provider,
HUM2N, to launch a clinic at Six Senses London, at The Whiteley.
Premium London health club, KX Chelsea, will imminently unveil its most significant
redevelopment since its launch in 2002 to create an integrated wellness model combining
training, recovery and relaxation.
Researchers in the US have identified an antibody which could greatly reduce the loss of lean
muscle mass in people who are taking weight-loss medications.
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Elevate is set to celebrate its 10th anniversary in style this June, with organisers
confirming the event’s largest-ever drinks reception as registrations continue to run more
than 10% ahead of last year. [more...]
As healthcare continues to shift towards prevention, there’s a growing focus on helping
people stay active, independent and feeling good for longer. [more...]
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PSLT Ltd PSLT Fitness Solutions manufacture, remanufacture and buy back commercial gym equipment. [more...]
