Fusion & Acquisition

💸 Moment, a company specializing in in-flight entertainment and digital services, has acquired Airfree, a French e-commerce expert. Moment, connected to over 350 duty-free shops worldwide, allows passengers to order products delivered on board, at the airport, or to their homes. This acquisition aims to enhance passenger experience and generate additional revenue for airlines. Moment plans to extend this versatile technology to other sectors, including rail and maritime. Tanguy Morel, CEO of Moment, emphasizes the technological advancement in e-commerce and marketplaces, aiming to meet client needs.

🏁 LVMH and Formula 1 announce an unprecedented partnership set to launch at the beginning of next season amidst the sport's soaring popularity and cultural relevance. The collaboration aims to blend thrilling sports and luxurious lifestyle, offering unparalleled experiences for enthusiasts. Further details on the partnership to be revealed in early 2025. Liberty Media CEO Greg Maffei highlights shared values of creativity and innovation between the brands.

🚀 Joby Aviation secured a $500 million investment from Toyota Motor Corporation, bringing Toyota's total commitment to $894 million. The funds aim to support certification and commercial production of Joby's electric air taxi, designed to carry one pilot and four passengers at speeds up to 320 km/h. Joby plans its first flights in Dubai by 2026, where a trip from Dubai International Airport to Palm Jumeirah is expected to take 10 minutes, a significant decrease from the current 45-minute car journey. With this latest funding, Joby's total raised nears $3 billion from investors including Delta Air Lines, SK Telecom, Uber, and Baillie Gifford. The company is progressing towards certification, aiming for test operations in 2025, and has partnered with Skyports to develop four vertiport sites in Dubai.

📌 RoomRaccoon, a Netherlands-based cloud hotel management software, acquired Lobbi PMS, a Belgian software provider for small and medium-sized hotels, on October 7, 2024. The acquisition adds over 300 establishments in the Benelux region to RoomRaccoon's clientele and is expected to strengthen its market presence. The Lobbi team will join RoomRaccoon, ensuring a smooth transition for clients. This follows RoomRaccoon's successful acquisition of Ireland-based iHotelligence in December 2023. RoomRaccoon, founded in 2017, was a finalist at the 2024 Hotel Tech Awards.

🎮 Nintendo opened its museum in Kyoto, Japan, showcasing 135 years of history on October 2. Housed in the former Hanafuda and Karuta playing card factory, the Nintendo Museum features two floors of exhibits including all consoles and classic video games, interactive gaming rooms for titles like Legend of Zelda and MarioKart, and the history from playing cards to the Switch console. Due to high demand, it's fully booked until November, and future visitors must register and be selected to visit.

🏠 Sofitel Residences Downtown Dubai, celebrating Sofitel's 60th anniversary, offers 6 penthouses and 64 high-end residences near Burj Khalifa and Dubai Mall. Amenities include a fitness center, cinema, and pool, plus concierge and valet services. Developed by Azha Properties and Accor One Living, with sales starting at 2.1 million AED by Dubai Sotheby’s International Realty, the project aims to redefine luxury living in Dubai by the end of 2026.

💧 Franke Group acquires Swiss company WESCO, enhancing its air filtration technology expertise and strengthening its position in the Swiss and German markets. WESCO AG, a recognized specialist in kitchen hoods and air filtration systems, along with its German subsidiary berbel Abluftechnik GmbH, a leading brand in Germany, reported a net revenue of 97 million Swiss francs for the fiscal year 2022/2023 and employs a total of 280 people. The acquisition awaits competition authority approval, and financial details remain undisclosed.

🏨 Alchemy Step Hotel Group (ASHG) expands its European hospitality market presence by acquiring FLI Group's portfolio of 8 hotels, now totaling 13 hotels with over 1,800 rooms in Belgium and Germany. The strategic acquisition includes renowned hotel brands like Mercure and Holiday Inn across key Belgian cities. Advised by JLL for mergers and acquisitions, ASHG aims to enhance asset value via renovations and rebranding, while seeking further investment opportunities in Europe.

🏕 Épargne Pierre and MyShareSCPI increased their stake from 50% to 100% in SCI Hopla, owning 9 premium outdoor hospitality sites valued at €174M. These sites are primarily located along the Atlantic and Mediterranean coasts, as well as in Périgord and the Alpes de Haute Provence, operated by European Camping Group. As of June 30, 2024, Épargne Pierre's outdoor hospitality assets are valued at €190M, making up 7% of its property portfolio, while MyShareSCPI holds €26.2M in similar assets.

📅 Datalex, a company aiding airlines to increase conversion rates, has raised €25 million through a share issuance to stabilize finances and continue development. The funds will also be used to repay a €13 million loan. Their new product, Offer & Order Management System, aims to enhance revenue and conversions through improved offer personalization—clients include Air Macau, Air China, and Aer Lingus, leveraging AI for yield management strategies.