European peer-to-peer boat rental company acquired

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ClickAndBoat

Click&Boat, describing itself as the U.K.’s “leading boat hire platform,” acquired competitor Océans Evasion. Terms were not disclosed.

Click&Boat said the acquisition follows a $4.42 million (4 million euros) fundraising round last year.

“It will enable Click&Boat to consolidate its leading position in boat rental and expand the range of its services, which will now include the offering of all-inclusive boating holidays,” said a statement.

The peer-to-peer company has a boat rental platform similar to U.S. competitors such as GetMyBoat.com and Boatsetter.com.

The statement described Océans Evasion, which formed in 1995, as a “pioneer in yacht and catamaran rental.” The acquisition will give Click&Boat a foothold in the yacht charter segment.

Click&Boat’s acquired French competitors Sailsharing and Captain'Flit in 2016 and 2018, respectively.

“The main drivers for the deal were Océans Evasion’s expertise in upmarket cruises — with or without crew — and its groundbreaking vision for nautical tourism, strengths which have earned the company an excellent reputation in the boating industry,” Click&Boat co-founder Jérémy Bismuth said.

“The spirit of Océans Evasion will remain intact as a part of the broader Click&Boat offering. Their digital prowess fits perfectly with our expertise in bespoke boating experiences in remote destinations,” said Jean-Michel Guyomar, co-founder of Océans Evasion, in the statement.

“Océans Evasion offers 7,000 boats around the world that perfectly complement what we do at Click&Boat,” added Bismuth.

The acquisition bumped Click&Boat’s projected 2019 sales to $55.2 million (50 million euros).

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