Norwegian Cruise Line have agreed a multi-billion deal to acquire Prestige Cruises, parent company of Oceania Cruises and Regent Seven Seas Cruises.
During an excitement announcement from Norwegian Cruise Line officials, the definitive agreement was revealed. The $3.025 billion deal with see one of the world’s largest lines join with two upscale lines.
Norwegian operate a fleet of 13 large ships, whereas Regent Seven Seas and Oceania have smaller, intimate ships.
The cruise industry is currently dominated by two big companies; Carnival who own Carnival, Princess, Holland America, Cunard and Costs and Royal Caribbean Cruises who own Royal Caribbean, Celebrity Cruises and Azamara Club Cruises. Norwegian will be the third largest, although they are expanding rapidly.
Kevin Sheehan, CEO of Norwegian Cruise Lines said "The acquisition of Prestige represents an extraordinary opportunity for Norwegian Cruise Line to expand our market presence by adding two established, award-winning brands in the upscale cruise segment with loyal followings."