PONANT EXPLORATIONS GROUP has strengthened its position in the expedition cruising market with the acquisition of a controlling interest in Aqua Expeditions, expanding its portfolio of exclusive travel experiences.
“We are thrilled to welcome Aqua Expeditions into the Ponant family,” said Herve Gastinel, CEO of PONANT EXPLORATIONS GROUP, in a press statement. “This partnership aligns perfectly with our vision of excellence and sustainability in the luxury sector. It reflects our commitment to offering unparalleled travel experiences in iconic destinations such as the Galapagos and now also river journeys, while preserving the natural beauty of the places we explore. We are deeply impressed with the exceptional company that Francesco has built over the past 18 years and the unique brand he has developed in the experiential travel space.”
PONANT Expands Reach Into Niche Markets
Aqua Expeditions, known for its river and ocean cruises in South America and Southeast Asia, will maintain its brand identity and operational independence. Francesco Galli Zugaro, CEO and founder, will retain a shareholding position and continue to lead the company alongside his management team.
The acquisition is backed by Artemis Group, the Pinault family’s investment arm, which boasts an impressive portfolio. This includes ownership of luxury fashion brands through Kering (Gucci, Saint Laurent, Bottega Veneta, Balenciaga), Christie’s auction house, Pinault Collection (a vast private contemporary art collection), Artemis Domaines (featuring elite wine estates like Château Latour) and Creative Artists Agency (CAA), a top entertainment and sports agency.
Aqua Expeditions currently operates in biodiversity-rich destinations such as the Galapagos, Raja Ampat, Komodo, Spice Islands, Mekong River and Peruvian Amazon. The company is now preparing to launch new itineraries in East Africa, focusing on the Seychelles and Tanzania, with special attention to the Aldabra island group.
“Joining forces with PONANT EXPLORATIONS GROUP and having the support of the Artemis Group is a remarkable opportunity for Aqua Expeditions,” said Francesco Galli Zugaro, CEO of Aqua Expeditions, in a press statement. “Partnering with another family-owned business ensures we maintain a heritage of luxury in our brand. With the financial support and expertise from our partners, we are well-positioned to continue our growth and offer our guests unforgettable journeys to the world’s most biodiverse and culturally rich regions while maintaining our core brand values.”
For more information, visit ponant.com.