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Thomas Cook India inks pact to acquire Kuoni's global network of DMS

29 Apr 2017 Evaluate

Thomas Cook (India) through its wholly owned subsidiaries (termed ‘Thomas Cook India Group’) has inked an agreement to acquire Kuoni’s global network of destination management specialists (DMS), 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.

Thomas Cook (India) (TCIL) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business.

Peers
Company Name CMP
Thomas Cook (India) 104.05
IRCTC 461.25
TBO Tek 1688.20
Le Travenues Techno 159.30
Yatra Online 105.30
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