Expansion
In 2006 InterCity Group purchased Kings Dolphin Cruises, a Paihia based operator of sightseeing cruises and day tours. This purchase was InterCity's first foray beyond road passenger transport services. It also increased InterCity's exposure to the tourism market.
InterCity's footprint in the tourism market increased again in December 2007 when it added the Tourism Holdings Limited Ltd businesses of Great Sights and Fullers Bay of Islands by way of a joint venture. In December 2008 Tourism Holdings sold its 49% stake in InterCity Holdings Limited to InterCity Group for $9.5m.
Read more about this topic: Intercity (New Zealand)
Famous quotes containing the word expansion:
“We are caught up Mr. Perry on a great wave whether we will or no, a great wave of expansion and progress. All these mechanical inventions—telephones, electricity, steel bridges, horseless vehicles—they are all leading somewhere. It’s up to us to be on the inside in the forefront of progress.”
—John Dos Passos (1896–1970)
“The fundamental steps of expansion that will open a person, over time, to the full flowering of his or her individuality are the same for both genders. But men and women are rarely in the same place struggling with the same questions at the same age.”
—Gail Sheehy (20th century)
“Artistic genius is an expansion of monkey imitativeness.”
—W. Winwood Reade (1838–1875)