RCI has reached an agreement with vacation group Beneficium to acquire DAE Global Pty Ltd. (DAE), operator of timeshare exchange company Dial An Exchange and software company @Work International. Both companies are based in Australia. The deal is subject to customary conditions precedent, including receipt of applicable regulatory approval. DAE’s offices in Australia, New Zealand, US and Egypt will become part of RCI upon completion of the acquisition. The addition of DAE will complement RCI’s existing business, broaden its appeal to a new base of travelers and strengthen its position as a leader within the global alternative holiday accommodation sector. Dial An...
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