News
Travel
The Thomas Cook India Group inks an agreement to acquire Kuoni’s global network of Destination Management Specialists in Asia, Australia, Middle East, Africa & The Americas

01 May 2017

The Thomas Cook India Group inks an agreement to acquire Kuoni’s global network of Destination Management Specialists in Asia, Australia, Middle East, Africa & The Americas
Mumbai, Apr 29 (NITN): Thomas Cook (India) Ltd. India’s leading integrated travel and travel related financial services company, through its wholly owned subsidiaries, on Saturday announced its acquisition of Kuoni’s global network of Destination Management Specialists, covering 17 countries across the geographies of The Americas, Africa, Middle East, Asia and Australia.

The transaction will be completed post customary closing conditions.

The multinational acquisition creates a strong global network that will transform the Thomas Cook India Group into a globally integrated travel services provider with the ability to leverage inherent synergies across its global travel portfolio.

The agreement includes premium brands with expert knowledge of their respective regions, including, “Asian Trails”, “Desert Adventures Tourism”, “Gulf Dunes”,  “Private Safaris (East & South)”, “Allied TPro” as well as “Australian Tours Management” and extends across 17 countries- USA, Canada, South Africa, Kenya, Namibia, The United Arab Emirates, Jordan, Oman, China, Malaysia, Thailand, Cambodia, Laos, Myanmar, Vietnam, Indonesia and Australia, the company said in a statement.

Madhavan Menon, Chairman & Managing Director, Thomas Cook India Group said, “In keeping with the Fairfax strategic intent of fair and friendly acquisitions, our agreement to acquire Kuoni’s global network of Destination Management Specialists in 17 countries, provides us a significant expanded global footprint with enhanced presence in The Americas, Middle East, Africa, Asia and Australia- all favoured destinations for tourists and business travellers worldwide.”

He added, “This acquisition is a strong reiteration that the Thomas Cook India Group continues to invest and grow its travel businesses globally with a view to creating strong value for its customers.”

Greece, travelers' new dest ...

Athens, Nov 16 (NITN): Greece can surely be the travelers' new and best destination this winter as some flights are offering journeys at low costs.

Round trip flight to Europe ...

New York, Nov 9 (NITN): Round-trip flights from different cities across the US to Europe have gone cheaper as the fares are now starting at $355.

Jet Airways announces excit ...

Mumbai, Nov 8 (IBNS): Jet Airways - India’s full-service, premier international airline, on Wednesday announced exciting travel options for the Winter season by offering up to 30% savings on travel from India to high–demand destinations served by the airline’s international network. Guests looking to plan their winter getaways overseas can avail of these special fares when they book their travel between Nov 8–14, 2017.