Mumbai: Thomas Cook India Group on Saturday said it has inked an agreement to acquire Kuonis global network of destination management specialists in Asia, Australia, Middle East, Africa & The Americas.
Thomas Cook India Group is a wholly owned subsidiary of Thomas Cook (India) Ltd, an integrated travel and travel related financial services company.
"We have inked agreement for acquisition of Kuonis global network of destination management specialists, covering 17 countries across the geographies of The Americas, Africa, Middle East, Asia and Australia. The transaction will be completed post customary closing conditions," a company statement said.
"In keeping with the Fairfax strategic intent of fair and friendly acquisitions, our agreement to acquire Kuonis global network of Destination Management Specialists in 17 countries, provides us a significant expanded global footprint with enhanced presence in The Americas, Middle East, Africa, Asia and Australia- all favoured destinations for tourists and business travellers worldwide," said Thomas Cook India Group chairman & managing director Madhavan Menon.(This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI)