Artemis in talks to acquire PONANT

Artemis, the holding company of the Pinault family, announced on 27 July that exclusive talks for the acquisition of PONANT, the leader in the operation of luxury cruises are being held.

Founded in 1988 by Jean-Emmanuel Sauvée and head-quartered in Marseille, PONANT is the leading cruise operator in the polar region.

The company has the youngest fleet in the market, including Le Ponant, the celebrated 88-meters (288 feet), three-masted yacht, plus 4 other luxury cruise yachts, each with between 32 and 132 cabins and suites.

In 2015, PONANT will transport over 30, 000 passengers, with revenues expected to exceed 140 million euros.

Artemis has identified that it will support PONANT’s ambitions, including its international expansion and the company’s next level of growth, partnering closely with co-founder & CEO Jean Emmanuel Sauvée and Deputy CEO Véronique Saadé.