Australia's Skydive the Beach expands NZ assets with $10.4M Wanaka acquisition

Mon, 20 Jun 2016

By Paul McBeth June 20 (BusinessDesk) - ASX-listed Skydive the Beach Group, which operates Skydive NZone in Queenstown, will expand its footprint in New Zealand with the $10.4 million purchase of Skydive Wanaka. The Woolongong-based company raised A$15 million in a placement to sophisticated and institutional investors to fund the deal, buying the Wanaka operation, a new aircraft, and three luxury coaches to ferry customers between Queenstown and Wanaka, it said in a statement. The Wanaka operation adds 45 staff, an aircraft and long-ter...

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