Kuoni’s Destination Management Specialists join Thomas Cook India Group
Kuoni Global Travel Services (GTS) has signed an agreement with travel provider Thomas Cook India Group to sell Kuoni’s network of Destination Management Specialists (DMS) in Asia, Australia, Middle East, Africa and The Americas.
The global network of Destination Management Specialists consists of six largely independent, entrepreneurially managed units that have expert knowledge of their own regions. The activites encompass the brands AlliedTPro (USA), Asian Trails (South-East Asia), Australian Tours Management (Australia), Desert Adventures/Gulf Dunes (Middle East), and Private Safaris (East Africa, Southern Africa).
Kuoni Destination Management Europe and Kuoni Destination Management US (the Global MICE business) remain in the portfolio of Kuoni Global Travel Services.
The parties have agreed not to disclose further details regarding the purchase price or their contract. The acquisition is subject to approval by the relevant competition authorities. The parties contemplate to complete the transaction once all such approvals have been obtained.