FLYING ACROSS THE TASMAN: Skydive the Beach chief executive Anthony Boucaut started skydiving over North Beach in Wollongong and now the business he started it extending its reach by flying into the South Island of New Zealand. Picture: Greg Ellis.The sky is proving no limit for a Wollongong founded tourist business that is now operating in four Australian states and soaringinto New Zealand.
Skydive the Beach, alreadythe largest tandem skydive operation in the Southern Hemisphere, isextendingits footprint into New Zealand with theacquisition ofNZone Skydive and Skydive Paradise now complete.
It is the first international business aquisition for theskydive operation that started in Wollongong 16years ago.
It means Skydive the Beach Group is now able to operate inQueenstown.
It already has16 drop zones inAustralia.
The ASX (Australian Stock Exchange)confirmed on Friday that the deal betweenSkydive the BeachGroup (SKB) andSkydive Queenstown Group is now finalised.
It is a strategic move for Skydive the Beach because Queenstown is such apopular international travel destination.
The Skydive Queenstown Group is itself a significant operation.
During the last financial year itconducted more than 23,000 tandem skydives.
And theWilliams family, one of the two Skydive Queenstown Group founders, will retain an interested byacquiringSKB shares in lieu of a NZ$500,000 cash consideration.
SKB chairman Beerworthdescribed the acquisition as an important step in the group’sstrategic expansion.
Mr Beerworth said it was a significant milestone in Skydive the Beach’spenetration into the international adventure tourism and leisure market.
Skydive the Beach was founded by chief executive Anthony Boucaut in 1999 and the tandem jumpbusiness has been growing on average around 30 per cent a year.
It has grown to the point where in the present financial year it expects to make over 130,000 skydives.
The company offers a complete range of skydiving services to the public, agents and media including tandem skydiving, night skydiving, and helicopter jumps as well as courses and skills development courses.
Skydive the Beach Group has has more than 370 staff and contractors and owns 26 aircraft.
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