APT takes strategic stake in Noble Caledonia
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Australia-based APT has acquired a stake in UK-based Noble Caledonia.
The deal was announced last week by APT’s owner Geoff McGeary at a travel agency luncheon marking the 85th anniversary of the family-owned business. The purchase price is undisclosed and McGeary said it would be “business as usual” for Noble Caledonia with APT’s significant shareholding.
Noble Caledonia, formed in 1991, operates river cruises, expedition cruises, small ship cruises and land tours in 15 world regions including Antarctica and the Arctic. It operates seven vessels hosting 50 to 160 passengers , two owned by the line and others operated on long-term charters. APT has already incorporated Noble Caledonia’s vessels in its 2012-13 Botanica garden tours, European river cruise program and its most recent Canada-Alaska brochure.
The Noble Caledonia shareholding follows a majority stake taken in mid-2009 by UK-based Golden Eagle Luxury Trains Limited (formerly known as GW Travel) , a leading operator of long distance luxury tours by private train.
