Tour operator Intrepid Group has acquired a 50% stake in Chimu Adventures, a specialist in Latin America land itineraries and Antarctica small-ship cruises. Both Intrepid and Chimu are Australian-owned companies.

"This year we launched our first Adventure Cruise range and had a phenomenal response. We know there is a huge appetite for a more sustainable and experiential style of cruise, so it is our intention to expand into polar charters as part of this cooperation," said Intrepid CEO James Thornton. 

The Chimu investment is Intrepid's first since the company split from TUI Travel two years ago.

The deal includes investments in three Chimu sales offices in the U.K., Sydney and Sunshine Coast in the Australian state of Queensland, plus three South American destination management companies in Peru, Argentina and Brazil.

The addition of Chimu's $30 million business will add close to 10% of revenue to the Intrepid Group, a $300 million company. 

Chimu co-founders Greg Carter and Chad Carey will continue to run the company.

JDS Travel News JDS Viewpoints JDS Africa/MI