Lindblad Expeditions acquires two Galapagos vessels for $17M, fleet to double by Jan 2025

LINDBLAD EXPEDITIONS HOLDINGS, INC.

Agreement to buy 100% of Torcatt Enterprises Limitada for $17M; vessels have 48 and 16 guest capacities.
Transaction expected to close January 2025; ships will undergo multi-million-dollar revitalizations.
Bookings open later in June 2024; ships will join Lindblad Expeditions-National Geographic fleet.
Deal doubles Galapagos fleet from two to four owned vessels in core market.
Previously operated as Celebrity Xpedition and Celebrity Xploration; expansion builds on 1967 Galapagos pioneering.

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