Attraction World Group Acquired by New Investment Company
Key Points
- Attraction World Group was acquired by Montana World Investments with facilitation by Highmore Group.
- The acquisition aims to expand AWG internationally and enter new industries like loyalty programs and transportation.
- The deal involves using capital to invest in advanced technologies and make strategic acquisitions, marking Ten Oceans' exit.
Summary
Attraction World Group has been acquired by Montana World Investments, facilitated by Highmore Group. The acquisition, with undisclosed terms, aims to expand AWG's presence internationally and into new industries such as loyalty programs and transportation. The capital infusion will support growth in new markets, technology investments, and strategic acquisitions, following the exit of previous shareholders, Ten Oceans.
Attraction World Group (AWG) has been acquired by Montana World Investments, a newly founded international investment group, in a deal facilitated by alternative asset management firm Highmore Group.
The terms of the deal were not disclosed, and it is said to allow the UK-based tours and activities distribution and booking platform to expand internationally into industries like "loyalty programs, online travel agents (OTAs), airlines, rail, and transportation."
The capital will be used to "fuel growth in new markets, invest in advanced technologies, and make strategic acquisitions in line with AWG's vision," according to Olly Nicholls, AWG's Group CEO.
The deal also marks the exit of previous AWG shareholders, Ten Oceans.
Up Next
How Travel Brands Can Seize the ‘Q5’ Opportunity on TikTok
Southwest Didn't Get the Gains It Expected From Expedia and Google Flights
Canada Is the Top Source of U.S. Travel – Now Visits Are Trending Down
Asia’s Airlines Crack Down on Lithium Batteries as Fire Risks Rise
