Thomas Cook India Group completes acquisition of Kuoni’s global DMS network

Mumbai - The Thomas Cook India Group -an integrated travel and travel related financial services provider, announced the completion of the acquisition of a significant part of Kuoni's global DMS network.

As a part of this acquisition, the Thomas Cook India Group will now include leading Destination Management Specialists (DMS) like Asian Trails (APAC), Desert Adventures (MENA), ATM-Australian Tours Management (Australia), Allied T Pro (North America), Private Safaris (Eastern Africa) and Private Safaris (Southern Africa) under its network creating a seamless delivery capability for the group and its B2B and B2C customers across 21 countries and 4 continents.

With this move, The Thomas Cook India Group's travel business network has now expanded significantly - the addition of 17 new countries, increasing its footprint to now cover 21 countries.

The Group, which prior to this acquisition, comprisied Thomas Cook (India), SOTC Travel, TCI-SITA and Kuoni Hong Kong had a network spanning 4 countries - India, Sri Lanka, Mauritius and Hong Kong.

Post the acquisition, The Thomas Cook India Group, with over 6500 employees across 21 countries and a combined revenue in excess of Rs. 8700 crore ( over $ 1.34 billion) has been -transformed into one of the largest travel service provider networks headquartered in the Asia-Pacific region.

Commenting on this development, Mr. Madhavan Menon, Chairman & Managing Director, The Thomas Cook India Group., said, "This acquisition of a significant part of Kuoni's Global Destination Management network represents an important milestone for a rapidly growing Thomas Cook India Group, as we deliver on our stated strategy of rapid expansion in the Asia Pacific region. Now with a significantly enhanced global footprint across 4 continents and 21 countries, we have over 6500 employees serving customers across the world under some of the most respected brands in the Travel space"

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