Thomas Cook (India) Limited acquired Kuoni Group’s travel businesses in India and Hong-Kong for 535 crore rupees.The Kuoni Group entered India in 1996.The acquisition includes these 2 units of Kuoni.The deal does not include Kuoni’s out-sourcing and technology services subsidiary VFS. Global which provides technology services to governments and diplomatic missions.Over 1,800 employees of Kuoni’s business unit in India and Hong-Kong tour operations will now work for Thomas Cook After this deal Kuoni will operate its business activities as an independent entity.
Recent acquisitions by Thomas Cook(india):
- Acquired Bengaluru based HR & IT services company Quess Corpration formerly IKYA Human Capital Solutions in 2013.
- Acquired leisure hospitality company Sterling Holiday Resorts (India) for 870 crore rupees in 2014.
- Its subsidiary in Sri Lanka bought Sri Lankan-based destination management company Luxe Asia Pvt. Ltd on 31 July 2015.
Thomas Cook (India) Ltd. acquires Zurich based Kuoni’s travel business in India and Hong-Kong
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