Acquisition of Luxe Asia will give Thomas Cook India significant presence in Sri Lanka with destination management capabilities and the Indian Ocean region
Tour operator Thomas Cook (India) Ltd on Thursday said it has acquired Luxe Asia Pvt. Ltd, a destination management company based in Sri Lanka.
The company did not disclose the value of the acquisition, made through Thomas Cook Lanka (Pvt) Ltd, its wholly owned subsidiary.
Luxe Asia will be operated as an independent entity, Thomas Cook said in a statement.
Thomas Cook India’s acquisition of Luxe Asia will give it significant presence in Sri Lanka with destination management capabilities and the Indian Ocean region besides synergies with its key business lines of outbound, inbound and corporate MICE (meetings, incentives, conferences and exhibitions).