Kuoni Acquires Direkt Reisen in Switzerland

The Kuoni Group is to acquire a 60 percent shareholding in Direkt Reisen AG, effective July 1. The remaining 40 percent of the company, which is domiciled near Zurich, Switzerland, will remain in the possession of the founding family and a further shareholder.

Direkt Reisen AG is one of Switzerland’s leading direct sellers of inclusive-tour products to the Mediterranean, the Caribbean and African and Asian destinations. The acquisition thus further strengthens Kuoni’s position in the Swiss direct-sales travel market.

Founded in 1999, Direkt Reisen AG generated turnover of CHF 53 million last year with a workforce of some 25 employees. All the company’s personnel will be kept on. The Direkt Reisen brand and further partner brands will also be retained.

The parties agreed not to divulge the sale price involved. Direkt Reisen and its activities will be integrated into the Kuoni Switzerland unit of Strategic Business Division Smart within the Kuoni Group.

Direkt Reisen offers inclusive tours, largely in the beach-holiday segment, to the Mediterranean, the Caribbean and African and Asian destinations. The company’s product range also extends to cruises, tours, rail travel and wellness vacations. Distribution is almost entirely via call centers, and its products are also available online.