ARA Tours Costa Rica acquired by Abercrombie & Kent Travel Group
The DMC ARA Tours Costa Rica, which specializes in the German-speaking source markets, is becoming part of the A&K Travel Group on March 1st, 2023.
The deal has no impact on customers and service providers of both companies. Daniel Küng (CEO), Roland Ayer (COO) and the entire management team will remain on board, and the ARA Tours brand will remain.
The two owners, Daniel Küng and Roland Ayer, decided to take this step in order to tackle the succession planning at ARA Tours at an early stage. The ideal strategic partner was found in the A&K Travel Group. While ARA Tours focuses on the German-speaking 3-4 star market, the A&K Travel Group specializes in the luxury segment in UK, the USA and Australia. This results in exciting synergies and opportunities for the future.
The transaction was accompanied by Hitz & Partner Corporate Finance AG, which is specialized on M&A transactions within the global travel market since more than 20 years.
