Thomas Cook to buy Kuoni's destination network

Integrated travel services company Thomas Cook (India), through its wholly owned subsidiaries, has announced its acquisition of Kuoni’s global network of Destination Management Specialists, covering 17 countries across the Americas, Africa, the 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 company stated.

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 the US, Canada, South Africa, Kenya, Namibia, the UAE, Jordan, Oman, China, Malaysia, Thailand, Cambodia, Laos, Myanmar, Vietnam, Indonesia and Australia.