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Intrepid buys half of Chimu Adventures

August 16, 2017 Headline News No Comments Email Email

Intrepid Group has bought 50% of South America and Antarctica specialist Chimu Adventures and its subsidiaries from Chimu’s co-founders Chad Carey and Greg Carter.

Martin Kelly’s Travel Trends reported that Carey and Carter would continue to run the business independently.

Intrepid plans to use the new joint venture partnership to launch a range of charter cruises to the Arctic and Antarctica.

Intrepid Group chief executive James Thornton said that together, the operation would be one of the largest sellers of Antarctica travel in Australia and an important player in the polar market globally.

Chimu Adventures co-founder Greg Carter outside a Lima property owned by the firm

“The addition of Chimu’s AUD 30 million business will add close to 10% of revenue to the Intrepid Group, which is already in excess of AUD 300 million,” Intrepid Group said in a statement.

As well as offering South American and Antarctic tours and cruises, Chimu owns Get About Asia, three South American destination management companies. It has also invested in at least two hotels in Peru.

Intrepid is a big Melbourne-based adventure travel operation. Chimu is based in Sydney and was founded by Carey and Carter in 2004.

Written by Peter Needham

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