Boat Rental Site Click & Boat Acquires Nautal
Published on August 13, 2020Click&Boat, a boat rental site for private individuals and professionals, has announced the acquisition of the Spanish company Nautal. The acquisition is the company’s third in just one year bringing its number of employees to 150 and expanding its fleet from 35,000 to 45,000 boats.
Click&Boat’s acquisition offers a new opportunity to accelerate its international expansion plan. For Americans and users worldwide, this means that the platform will now offer 10,000 more boats both domestically in boating hotspots like Miami and Los Angeles, but also in top travel destinations like the Caribbean with an additional 1,570 boats and Mexico with 300 more boats. Click&Boat reported a 130% increase in traffic on their US website in June 2020 compared to the same period last year.
“Since the start of both companies, commonalities and synergies between Click&Boat and Nautal have been many, and very strong. This acquisition represents a key point for us, which not only shows the great growth of the platform, but also allows us to continue to shape the boating sector by developing and expanding our offers to owners and customers,” explains Jérémy Bismuth, co-founder of Click&Boat. The group aims to reach $115M in 2021, compared to $57M already achieved in 2019.
The Nautal team of 40 employees will remain at its headquarters in Barcelona. Nautal has increased the value of its bookings by more than $11.4M over the last five years and has more than 31,000 boats in 67 countries.
With this acquisition, Click & Boat intends to develop new products and services for their renters and owners worldwide. Offering a more complete and individually adapted user experience for the needs of boaters. Owners will be able to rent their boat(s) with more ease and will benefit from an increase in visibility, as well as additional services such as advanced planning and fleet management tools.
Click&Boat matches boat owners who want to earn extra income with sailing enthusiasts who can rent a boat at low cost. The company, dubbed “Airbnb of the Seas’ by CNN, has quickly expanded beyond the French borders, establishing its presence in major boating destinations such as Spain, Italy, Greece and Croatia, as well as in the United States.
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