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 number one tourism group operating in around 180 destinations worldwide. The company is domiciled in Germany. The TUI Group’s share is listed in the FTSE 100 index, the leading index of the London Stock Exchange, and in the German open market. In financial year 2018, TUI Group recorded turnover of €19.2bn and an operating result of €1.177bn. The Group employs 70,000 people in more than 100 countries. TUI offers its around 27 million customers, including 21 million in the national organisations in Europe, comprehensive services from a single source. It covers the entire tourism value chain under one roof. This comprises around 330 Group-owned hotels and resorts with premium brands such as RIU and Robinson as well as 16 cruise ships ranging from the MS Europa and MS Europa 2 luxury class vessels to the “Mein Schiff” fleet of TUI Cruises and the vessels of Marella Cruises in the UK. The Group also includes leading international tour operator brands, 1,600 travel agencies in Europe and five European leisure airlines with around 150 modern medium- and long-haul aircraft. Global responsibility for sustainable economic, ecological and social activity is a key feature of our corporate culture. TUI Care Foundation was founded in 2015 and supports the positive impacts of tourism, learning and education and strengthening of environmental and social standards. It contributes to the development of holiday destinations. Today, the TUI Care Foundation is active in more than 20 countries worldwide and initiates projects creating opportunities for the next generation.

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