Thomas Cook acquires Kuoni network, enters 17 new nations
Travel services provider Thomas Cook India Group has completed the acquisition of a significant part of Kuoni's global destination management specialists for an undisclosed amount.
With the acquisition, Thomas Cook India Group's travel business network has added 17 new countries, increasing its footprint to cover 21 countries, the company said in a statement.
The Group, prior to this acquisition, had a network spanning four countries -- India, Sri Lanka, Mauritius and Hong Kong.
The new geographies include North America, South and East Africa, Middle East, Asia and Australia.
Destination Management Specialists are local experts with offices in the holiday destinations themselves. Shares of Thomas Cook India today closed at Rs 235.90 per scrip on BSE, up 3.40 percent from its previous close.