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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."
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NEWS
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."
MORE NEWS
Kew Gardens opens giant natural play zone
Inspired to encourage children to develop a lasting relationship with plants and nature, Royal Botanic Gardens, Kew in London is all set to open its giant new Children’s Garden to the public this weekend (18 May).
IAAPA returns to Shanghai in June with rebranded Asian expo
Formerly the Asian Attractions Expo, (AAE) the newly-rechristened IAAPA Expo Asia (IEA) takes its first steps under its new name from 11-14 June.
17th annual Museums and Heritage awards honour 'innovative and ground-breaking initiatives'
The winners of the Museums + Heritage Awards were announced in London last night (15 May), with museums large and small being honoured and Sir David Attenborough picking up a Special Recognition Award.
Rogers Stirk Harbour + Partners' US$162m spy museum opens its doors
The long-awaited International Spy Museum (SPY) – has officially opened to the public in Washington, D.C.
+ More news   
LATEST JOBS
Interpretation and Engagement Manager
Chatsworth House
Salary: Competitive
Job location: Bakewell, UK
Children's Garden Hosts
Royal Botanic Gardens Kew
Salary: £18,589 per annum pro rata
Job location: Richmond, UK
Duty Manager
Dinotropolis
Salary: £20-£25K depending on experience.
Job location: Dartford, UK
Operations Manager
Wild Life
Salary: Competitive
Job location: Whitsundays QLD, Australia
Head of Central Scheduling and Planning
Merlin Entertainments Group
Salary: Competitive
Job location: Goshen, New York, USA
Strategic Account Sales Manager
Merlin Entertainments Group
Salary: Competitive
Job location: Goshen, New York, USA
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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