Thomas Cook (India) Ltd buys Sri Lankan firm Luxe Asia Pvt. Ltd

Major tour operator Thomas Cook (India) Ltd has acquired Sri Lanka based destination management company Luxe Asia Pvt. Ltd.
The acquisition was done in undisclosed deal was made through Thomas Cook (India) Ltd’s wholly owned subsidiary Thomas Cook Lanka (Pvt) Ltd. After this deal, Luxe Asia will be operated as an independent entity.
This acquisition will help Thomas Cook (India) Ltd to increase its significant presence in Sri Lanka along with destination management capabilities.
Luxe Asia is primarily focussed on inbound tourism from key global market. It services both traveller segments and tour operator across its 10 destinations in the Indian Ocean region (IOR) and Asia.

Month: Current Affairs - August, 2015