Two leading recreational vehicle (RV) companies are joining forces to expand global operations.
New Zealand firm Tourism Holdings Limited (THL), the world’s largest renter of motorhomes and campervans, is partnering with United States company Thor Industries, the world’s largest RV manufacturer.
The joint venture, named TH2, will combine assets and resources from both companies and other businesses in the industry.
This includes road trip planning software company Roadtrippers; booking, rental and fleet management provider Cosmos; peer-to-peer RV rental service Mighway and top Australia and New Zealand camping app, CamperMate.
Acquiring technology-based assets has been a focus for THL, chief executive Grant Webster says.
“We are very pleased to see the technology assets we have created and accumulated over the last five years underpinning TH2. The growth opportunities for TH2 under this new structure are immense.
“We look forward to adding our diverse owner on-road, in-trip insights to craft a digital offering that will dramatically enhance countless journeys.”
THL chairman Rob Campbell says it was outlined at recent annual meetings that the company needed to “grow a global platform” in the RV sector.
“We have progressed down this path well … we now have a partner and set of assets that will turn our start into a compelling, winning global business,” he says.
