Ponant Explorations Group has acquired a majority stake in small-ship expedition company Aqua Expeditions, which operates river and ocean cruises in South America, Southeast Asia and other destinations.
Aqua Expeditions, which currently runs vessels in locations including the Galapagos, Raja Ampat, Komodo, Spice Islands, Mekong River and Peruvian Amazon River will continue to operate as a stand-alone business unit under its existing brand name. Francesco Galli Zugaro, CEO and founder, will remain as a shareholder and continue to lead the company along with his senior management team.
The acquisition comes as Aqua Expeditions prepares to launch new East Africa itineraries in the Seychelles and Tanzania, with a focus on the Aldabra group of islands.
Ponant Explorations Group is backed by Artamis Group, the Pinault family's investment company, which owns stakes in various luxury brands.
"This partnership aligns perfectly with our vision of excellence and sustainability in the luxury sector," said Herve Gastinel, CEO of Ponant Explorations Group. "It reflects our commitment to offering unparalleled travel experiences in iconic destinations such as the Galápagos and now also river journeys, while preserving the natural beauty of the places we explore."
"Partnering with another family-owned business ensures we maintain a heritage of luxury in our brand," said Zugaro. "With the financial support and expertise from our partners, we are well-positioned to continue our growth and offer our guests unforgettable journeys to the world's most biodiverse and culturally rich regions while maintaining our core brand values."
Editor’s Note: This article was generated by AI, based on a press release distributed by Ponant Explorations Group. It was reviewed by a TravelAge West editor.
