Camplify Holdings Limited (ASX:CHL) entered into an agreement to acquire Business and assets in Australia and New Zealand from Mighway, SHAREaCAMPER NZ and SHAREaCAMPER AU for AUD 7.4 million on October 25, 2021. The consideration will be paid in Camplify Holdings Limited (ASX:CHL) shares. The shares will be paid in 2 equal tranches of AUD 3.685 million, the first on completion and second in 12 months time, after the completion period for provided warranties. The shares will be subject to an escrow period of 18 months from completion date. The agreement restricts Tourism Holdings Limited (NZSE:THL) from directly operating a peer to peer RV sharing marketplace in Australia or New Zealand for a period of 5 years. The final price will be adjusted based on finalisation of future bookings and any fleet adjustment calculation. The consideration reflects a revenue multiple of 5.46.Camplify will consolidate the platform, brands and operation of Mighway and SHAREaCAMPER into the Camplify core operations. As part of this relationship moving forward Tourism Holdings Limited (NZSE:THL) through RV Supercentre will provide management of Camplify RV owners vehicles in New Zealand and in Australia. The transaction is expected to complete on the November 30, 2021. As of November 19, 2021, The transaction is subject to approval from the New Zealand Commerce Commission. As of January 12, 2022, Camplify has applied to acquire the New Zealand assets and business of Tourism Holdings' (THL) peer-to-peer motorhome and campervan rental platforms, Mighway and SHAREaCAMPER. As of March 25, 2022, New Zealand Commerce Commission approved the transaction. As of May 1, 2023, Camplify Holdings Limited issued today 2,023,611 fully paid ordinary shares (Tranche 2 Shares) as the second and final tranche of consideration shares.

Camplify Holdings Limited (ASX:CHL) completed the acquisition of Business and assets in Australia and New Zealand from Mighway, SHAREaCAMPER NZ and SHAREaCAMPER AU on May 1, 2023.