Norwegian Cruise Line has bolstered its name as the world’s third largest cruise line, overnight completing its acquisition of Prestige Cruises International.
The purchase, first announced earlier this year (CW 02 Sep), sees the Regent Seven Seas Cruises and Oceania Cruises brands come under the stewardship of NCL.
Total transaction consideration for the acquisition was US$3.025 billion, including debt assumption in line with future fleet additions.
Norwegian Cruise Line ceo Kevin Sheehan said the company has identified future synergies of $25 million with a range of post-integration opportunities.
“Our acquisition of Prestige creates a new cruise operator with a range of complementary offerings as diversified as any in the industry,” Sheehan said.
Prestige’s acquisition will allow the company to enter the small-ship and upscale luxury market segments for the first time, to compete against Carnival Corporation’s Seabourn brand and Royal Caribbean Cruise Lines’ Azamara Club Cruises.
MEANWHILE, a new lineup of entertainment productions are set to be rolled out on Norwegian Epic’s European voyages in 2015.
Two new Broadway-style productions will debut, beginning with Burn the Floor in Apr, which has been playing to rave reviews on fleet-mates Norwegian Escape and Norwegian Breakaway.
In addition, famous Australian film Priscilla, Queen of the Desert will open in its award-winning stageshow musical adaptation from the 18 Oct departure.
