Der touristik new bidder for the business of tour operation of kuoni

The German tour operator DER Touristik, formerly Rewe Touristik, is emerging as one of the candidates to win the business of tour operation of the Kuoni Group, that this went on sale last January.

According to the Swiss magazine Travel Inside, the German group would be interested in acquiring all of the business of tour operation that Kuoni has for sale. As reported HOSTELTUR tourism news January 14 in Kuoni leaves the tour operation business, has decided to sell all their tour operation business both in Europe and in Asia to focus on global distribution services segment.

In particular, the Group explained that his departure from the tour operation business includes its divisions in Switzerland, United Kingdom, Benelux, Hong Kong, China, India, and Nordic countries. This movement will take effect in about 3,800 employees and this area of its business generated revenue of 2.2 billion Swiss francs (1.8 billion euros) in 2014.

Publication says now that the total value of the transaction would be between 60 and 70 million Swiss francs (57 to 67 million euros), but could reach 100 million Swiss francs (95 million euros). Is expected that the final purchaser is set before end of year, but from Kuoni, CEO Peter Meier has already expressed on previous occasions that the group does not want to comment on speculations or offers of purchase.

As it has come informing this journal, since January is have been pointing other potential candidates to acquire the business of the Swiss tour operator. So as Hotelplan, interested in acquiring the business of tour operation of Kuoni and TUI, among the first to appear have been Hotelplan and TUI Switzerland, who have been his most important rivals in the business, as he met at the end of January. It was later learned that Emirates hopes to win the business of tour operation of Kuoni.

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Posted by on Apr 10 2015. Filed under General. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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