Kaleon buys 80% stake in Lake Maggiore water taxi operator Navigazione Isole Borromee

Kaleon acquired an 80% stake in Navigazione Isole Borromee Lago Maggiore, a passenger boat transport operator on Lake Maggiore. The deal values the business at an enterprise value of EUR 2 million. The operator runs five boats backed by five water taxi licenses; the existing management retained 20% with a conditional earn-out. Kaleon secured a call option to buy the remaining 20% stake, enabling a path to full ownership. The target generated about EUR 790,000 of revenue in 2025; consolidation into Kaleon accounts starts Sept. 1, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kaleon S.p.A. published the original content used to generate this news brief via (Ref. ID: 202610131500BIZWIRE_USPR_____20261013_BW232978) on October 13, 2026, and is solely responsible for the information contained therein. (C)