The travel firm Thomas Cook (India) has concluded the Rs 535 crore acquisition of Kuoni Travel (India) from the Kuoni Group.

It said in a BSE filing that Thomas Cook along with its wholly owned subsidiary Travel Corporation (India) Ltd has completed the acquisition of 100 percent shareholding of Kuoni Travel.

Madhavan Menon, Thomas Cook (India) MD said that “We have successfully completed the closure process for the acquisition of Kuoni Travel across India and Hong Kong”.

He further added that “This gives us significant synergies across the entire spectrum of travel services, including in-bound, MICE, out-bound and domestic as also corporate travel”.

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