The terms were not disclosed.
Diane Moore and team stay on
Following the acquisition, the two cruise lines will keep their management, Diane Moore continuing as president of Paul Gauguin Cruises with her team still based in Bellevue, Washington, and Navin Sawhney acting as CEO Americas of Ponant, based in New York.
'Same core values'
Jean-Emmanuel Sauvée, founder and president of Ponant, said the two companies share the 'same core values,' adding: 'The synergy between our operations makes this the perfect collaboration while preserving the unique DNA of both brand experiences.'
Speaking for Paul Gauguin Cruises, Chairman Richard Bailey said: 'With this strategic alliance we look forward to delivering even more unique, luxury, small-ship experiences to our guests.'
Ponant fleet will number 14 in 2021
And Sawhney added: 'We are expanding our Ponant fleet to 14 ships by 2021. Now, through Paul Gauguin and its expertise, we will be able to offer our clients and partners yet another bucket list destination visiting the exotic islands of Tahiti, French Polynesia and the South Pacific.'
'As we join the Ponant family,' Moore said, 'we remain dedicated to our shared passion for authentic experiences, high quality service and sustainable practices. We are excited about introducing our guests to the wider world of Ponant and to welcoming Ponant guests on board Paul Gauguin.'