THL and its controlled entities now hold all of Apollo’s shares, and it has also completed the divestment of assets to Jucy, required under the deal.
GO Rentals has claimed a New Zealand first for being the only car rental business to achieve Toitū net Carbonzero certification.
Both THL and Apollo’s executives have all been retained in the new merged entity, albeit some with changed roles or reporting lines.
Apollo’s CEO will be in charge of finding further M&A, as THL casts an eye over executive role duplication.
Tourism Holdings Limited and Apollo Tourism & Leisure have secured the last legal approval required for their merger.
Car rental and subscription provider SIXT is opening a new location at Dunedin Airport on 15 November.
Tourism Holdings Limited expects its New Zealand tourism division to return positive earnings this fiscal year after two years of losses.
Jucy is conducting a brand refresh across its vehicle rental fleet, including a name change from Jucy Rentals to Jucy, and a new design for its vehicle fleet that features the tagline ‘find your happy’.
Earlier guidance from August 2022 expected net profit to range between $17m – $30.2m.
A new rental car kiosk has opened at Nelson Airport today, replacing the former portacabins.
THL bought a 49% stake in the business in 2015 for £1.74m (NZ$3.96m) when the company had 130 motorhomes.
GO Rentals is adding nine Tesla Model Y electric vehicles to its fleet and says it is the first rental car provider in New Zealand to offer the EVs for hire.
The campervan company says the deal will lead to new jobs and increase its locations across Australasia.
“We now have much greater confidence that the merger will proceed,” says Tourism Holdings chair Cathy Quin.
Thursday’s decision from Australia’s competition watchdog could mark the start of a new phase for the operator.
Tourism Holdings and Apollo clear the first of two competition hurdles with the deal now dependent largely on Australia’s watchdog.
The operators will sell 310 of Apollo’s motorhomes in NZ and Australia to secure merger approval, with a ComCom decision expected today.
Europcar New Zealand has obtained exclusive rights to add the new BYD ATTO 3 EV to its airport-based rental fleets in Auckland, Wellington, and soon Christchurch.
Tourism Holdings and Apollo Tourism & Leisure have offered a court-enforceable undertaking to sell most of the latter’s Australian fleet, says the Australian Competition and Consumer Commission (ACCC).
CEO Grant Webster calls on the government to invest more in Tourism New Zealand.
The operator plans to buy 1,000 new vehicles to meet expected demand, which is returning much faster than expected.
GO Rentals has secured a franchise deal with global firm Enterprise Holdings to operate three car rental brands across New Zealand, replacing former franchisee Redspot.
Tourism Holdings Limited and Apollo Tourism & Leisure have agreed to extend the final date for a proposed merger deal to 15 October.
GO Rentals has been voted New Zealand’s favourite car hire provider for the third time in a survey conducted by Canstar.
Australian PE firms Next Capital and H&G are being lined up in a deal, which will see Jucy Rentals re-enter the motorhome market.
GO Rentals has taken over the operations of Waiheke Auto Rentals and Waiheke Rental Cars to launch on Waiheke Island.
Avis has added almost 100 vehicles, including the Tesla Model 3, Hyundai Ioniq 5, and Hyundai Kona to its Auckland, Wellington, and Christchurch fleets.
Forcing visitors to take a test could breach NZ’s international obligations and would not significantly impact the road toll, says a new report.
Tourism Holdings Limited’s long-serving director and chair, Rob Campbell, has resigned from the board.
The operator has engaged KPMG to gauge interest in the business.
NZ’s competition watchdog says it still has concerns, following on from Australian misgivings released Thursday.
The Australian watchdog’s concerns come on the eve of a decision on the deal from the Commerce Commission.
The Commerce Commission has pushed out its decision on Tourism Holdings’ proposed acquisition of Apollo Tourism & Leisure to 28 April 2022.
A global shortage of new vehicles and industry rationalisation has seen rental inventory fall by 30%-40%, says the operator.
The Commerce Commission has cleared Australia’s Camplify to acquire Tourism Holdings Limited’s peer-to-peer motorhome and campervan rental platforms, Mighway and SHAREaCAMPER.
Tourism Holdings Limited has sold its Roadpass digital shareholding for approximately NZ$23.9m to joint venture partner THOR Industries.
The competition regulator says other campervan and motorhome rental operators will be a “weak constraint” on the proposed merged entity.
The operator’s chief commercial and customer officer beat three other top contenders to the prestigious accolade on Wednesday evening.
The Commerce Commission has delayed its decision on Tourism Holdings’ proposed acquistion of Apollo Tourism & Leisure to 14 April 2022.
The operator says revenue for the six months to December 2021 fell to $175m.
Tourism Holdings Limited’s efforts to purchase Apollo Tourism & Leisure of Australia are progressing with Apollo’s Board intending to unanimously recommend that its shareholders approve the deal.
Tourism Holdings Limited is arguing in its application to the Commerce Commission to acquire a rival motorhome and campervan rental services company that the deal should proceed due to over-capacity in the market, low barriers to entry and differences in products the two companies offer.
The NZ Motorhome Caravan Association has opened a new motorhome park at the Foxton Racing Club as more camper vans explore the town.
The Coastal Arts Trail has teamed up with Quirky Campers NZ to launch a new art-immersive campervan.
ASX-listed Camplify has applied to the Commerce Commission for permission to acquire Tourism Holdings’ peer-to-peer motorhome and campervan rental platforms, Mighway and SHAREaCAMPER.
Tourism Holdings’ subsidiary THL Group (Australia) Pty Ltd has sought clearance from the Commerce Commission to acquire 100% of the shares in Apollo Tourism & Leisure Ltd.
The proposed deal will see Apollo become a wholly-owned subsidiary of Tourism Holdings.
The Thrifty Car Rental brand in New Zealand has been rebranded to Ezi Car Rental following its acquisition by Ezi Car brand owner NZ Leisure Limited.
Tourism Holdings’ sale of peer-to-peer campervan rental businesses Mighway and SHAREaCAMPER to Australia’s Camplify Holdings is now conditional on obtaining any competition approvals required.
GO Rentals will offer a 25% discount wants to vaccinated people who rent a car between today and 10 November.