Experience Co Acquires Trees Adventures and Maria Island Walk
- Adventure tourism business, Experience Co (EXP) has completed the acquisitions of Trees Adventure and the Maria Island Walk
- The completion follows the company’s September announcement of an entitlement offer of around $55 million at 33 cents per share
- As well as funds being used for the acquisitions, proceeds are being applied to transaction costs and working capital to facilitate the company’s growth strategies
- ExperienceCo CEO John O’Sullivan says the buys should deliver long-term value especially during the pandemic recovery
- ExperienceCo shares are down 3.03 per cent and are trading at 32 cents
