Hanover, 15 December 2017

TUI Group extends its position in Switzerland

  • The take-over of Cruisetour AG will make TUI Suisse the leading agent for cruises in Switzerland.

The TUI Group continues to invest in the strategic core and growth area of cruises. In Switzerland, the world's leading tourism group is taking over Cruisetour AG and Croisimonde AG. Both companies are specialists in the marketing of cruises and jointly the market leaders in this field. As a result of the takeover, TUI Suisse will become the leading marketer of cruises in Switzerland and, at the same time, strengthen its own position as one of the country's largest tour operators.

The TUI Group is taking over 100 percent of the shares of Cruisetour AG and Croisimonde AG from their previous owners. Cruisetour AG has been operating in Switzerland for 15 years as a leading agent for cruise tours in German-speaking Switzerland and French-speaking Switzerland. The companies have agreed not to release details of the purchase price. The previous management of the companies will continue to run the business under the successful Cruisetour brand.

About TUI Group

TUI Group is the world’s leading integrated tourism group operating in more than 100 destinations worldwide. The company is headquartered in Germany. The TUI Group’s share is listed in the FTSE 250 index and in the German open market.

In financial year 2019, TUI Group recorded turnover of around €19bn and an operating result of €893m. The Group employs more than 70,000 people worldwide. TUI offers its 28 million customers, including 21 million customers in European national companies, integrated services from a single source. It covers the entire tourism value chain under one roof. This comprises more than 400 hotels and resorts with premium brands such as RIU, TUI Blue and Robinson as well as 18 cruise ships ranging from the MS Europa and MS Europa 2 luxury class vessels and expedition ships to the Mein Schiff fleet of TUI Cruises and the vessels of Marella Cruises in the UK. The Group also includes leading European tour operator brands, five airlines with 150 modern medium- and long-haul aircraft and 1,600 travel agencies. Apart from the expansion of its core business with hotels, cruises and destination activities, TUI is increasingly investing in digital platforms. The Group is transforming as a digital company.

Global responsibility for sustainable economic, ecological and social activity is a key feature of our corporate culture. TUI Care Foundation, initiated by TUI, promotes the positive effects of tourism, education and training as well as environmental and social standards with projects in 25 countries. It thus contributes to the development of the holiday destinations. TUI Care Foundation, operating around the world, initiates projects creating new opportunities for the next generation.

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