New Zealand regulators (NZ Commerce Commission) have now provided clearance on the acquisition of Mighway and SHAREaCAMPER from Tourism Holdings Limited (thl).

The announcement points to a rapid close by 30th of April for:

• business and assets of Mighway NZ, SHAREaCAMPER NZ, and SHAREaCAMPER AU from thl
• The AUD7.37m agreement will be via CHL shares with an 18-month escrow from the completion date

The plan is to consolidate the platform, brands, and operation of Mighway, and SHAREaCAMPER into the Camplify core operations, while seeking “synergies”. That is one word I hate, ‘cause so many just simply do not come to fruition.

Your confidence for this has to be on the back of us all getting out there again. I think there is sufficient pent-up demand for that to happen, but will the real dollars from tourists on the other side of the globe also eventuate? This may take longer, especially with oil prices spiraling. Indeed, that may also make CHL customers re-think a camper as a vacation option.

Also, Apollo (ALT) has been courting thi, and I have not managed to work this one through yet, I can only assume they were aware the assets in the process of being acquired by CHL will not be in the mix.

“Apollo Tourism & Leisure Ltd (“ATL”) (ASX: ATL) advises that the New Zealand Commerce Commission requested an extension to its statutory timeframe for a decision on the application for clearance of the proposed merger between ATL and Tourism Holdings Limited (“thl”) (NZX: THL) to 14 April 2022. The extension request has been agreed to by thl and ATL.”