SKYDIVE THE BEACH TAKES PLUNGE WITH CHOPPERS
ADVENTURE tourism company Skydive the Beach has continued its acquisition run, acquiring Cairns-based company Great Barrier Reef Helicopters for $20 million.
Chief executive Anthony Ritter said the acquisition further strengthened the company’s position in the lucrative Far North Queensland tourism hotspot.
“Helicopter flights over the Great Barrier Reef and Daintree Rainforest are world-class experiences, and we are incredibly fortunate to add such a wonderful and exciting product offering to our portfolio of highly recognisable and respected company brands.”
Great Barrier Reef Helicopters has been operating for 20 years and has about 80 employees. The company yesterday lifted its revenue forecast for the 2017/2018 financial year from between $115 million and $120 million, to between $124 million and $129 million.
In the past year, Skydive the Beach has had several acquisitions, including Raging Thunder Adventures on the Great Barrier Reef, Reef Magic Cruises in north Queensland, Byron Bay Ballooning.
Shares in the company rose 9.86 per cent or 7 ¢to 79 yesterday.