Paris-based Otium Leisure has acquired Koezio, based in Belgium, to accelerate the international growth of Koezio and strengthen its position in the local leisure market.

Deal-at-a-Glance
Acquirer:Otium Leisure (FR)
Target:Koezio (BE)
Value:Undisclosed
Type:Acquisition
Close date:2024-05-22

Otium Leisure, a leading player in the European leisure sector, is positioning itself further ahead as it acquires Koezio. The transaction aims to bolster Otium's footprint across Europe and support Koezio’s expansion into new markets.

Strategic Rationale

The acquisition aligns with Otium Leisure’s strategy of expanding its reach in the fast-growing local leisure market, where it sees significant potential for growth. By integrating Koezio's services and customer base, Otium aims to enhance its service offerings and strengthen its competitive position.

Financial Context

The deal values Koezio at an undisclosed amount. Details regarding the financial terms of the transaction have not been disclosed by either party involved in the acquisition.

Advisors

Buy-side advisor: Capitalmind Investec
Sell-side advisor: Not disclosed