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AJ Hackett looks to acquire Taupo Bungy

AJ Hackett looks to acquire Taupo Bungy
August 31, 2019

The Commerce Commission, New Zealand’s competition, consumer and regulatory agency, has received a clearance application from Queenstown Bungy Limited to acquire the bungy and swing operations in Taupo owned and operated by Taupo Bungy Limited, a wholly owned subsidiary of Taupo Tourism Holdings Limited.

Queenstown Bungy is a wholly-owned subsidiary of Bungy New Zealand Limited (trading as AJ Hackett Bungy), which through its subsidiaries operates bungy jumps, swing and related businesses in Queenstown and Auckland.

Commerce Commission New Zealand advises that clearance will be given to a proposed merger if they are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

Commerce Commission New Zealand play a crucial role in ensuring New Zealand’s markets are competitive, consumers are well informed and protected, and sectors with little or no competition are appropriately regulated.

The Commission is an independent Crown entity responsible for enforcing laws relating to competition, fair trading, and consumer credit contracts.

Click here to veiw a public version of the authorisation/clearance application - to be madee available shortly on the Commission’s case register.

Image: AJ Hackett Queenstown

Related Articles

13th March 2019 - Tourist levy proposed to help protect Queenstown community wellbeing

14th March 2018 - ASTM International begins development of Bungy Jumping Standard

16th February 2018 - Singapore reports record year for tourism

6th February 2018 - AJ Hackett bungy attraction boosts visits on Singapore’s Sentosa Island

24th October 2016 - AJ Hackett jumps into new international territory with major projects

3rd August 2016 - New Zealand Government backs AJ Hackett Bungy’s new Queenstown adventure experience

31st May 2016 - Construction starts on Singapore’s first bungy tower

19th January 2015 - Skydivers survive plane crash over Lake Taupo

16th May 2015 - AJ Hackett considers using drones to capture guest experiences

18th October 2013 - AJ Hackett Bungy launches 25th birthday competition

30th July 2012 - AJ Hackett Bungy achieves Enviro Silver Rating


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