Groupe Compagnie des Alpes has acquired Padel City for $23.1 million. The French leisure and tourism group, known for operating major attractions such as ski resorts and family entertainment parks, has taken full ownership of the Dutch company. Padel City is the Netherlands' leading operator of padel courts and associated leisure facilities, a position built on a network of indoor and outdoor playing sites across the country.
The acquisition gives Compagnie des Alpes a direct entry point into the fast-growing padel market, a sport that has seen rising participation across Europe. For Padel City, the deal provides access to the financial resources and operational expertise of a larger group, which can support further expansion of its court network and the development of its leisure offering. The transaction aligns with Compagnie des Alpes' broader strategy to diversify its portfolio beyond traditional seasonal tourism assets.
Padel City will continue to operate under its existing brand, with its management team remaining in place to oversee day-to-day activities. Compagnie des Alpes intends to leverage its experience in managing high-footfall leisure destinations to enhance the customer experience at Padel City venues. The Dutch market is considered a key growth area for the sport, and the new ownership is expected to accelerate the rollout of additional sites in the coming years.
The combined entity will focus on integrating Padel City's operations into Compagnie des Alpes' existing leisure division while maintaining the local approach that has driven the company's success. The acquisition is expected to close following standard regulatory approvals, after which the focus will shift to executing the growth plan for the Dutch padel market.