Add-on Acquisition • Internet Software and Services

TUI Acquires First Choice Holidays

On September 3, 2007, TUI acquired internet software and services company First Choice Holidays

Acquisition Context
  • This is TUI’s 1st transaction in the Internet Software and Services sector.
  • This is TUI’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date September 3, 2007
Target First Choice Holidays
Sector Internet Software and Services
Buyer(s) TUI
Deal Type Add-on Acquisition

Target Company

First Choice Holidays

Crawley, United Kingdom
First Choice Holidays Plc provides various packages for travelling and restaurant reservation services.
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Buyer Overview 1

Buyer

TUI

Hanover, Germany

Category Company
Founded 1968
Sector Leisure
Employees56,370
Revenue 23.2B EUR (2024)
DESCRIPTION

TUI is a multinational travel and tourism company that consists of tour operators, 1,800 travel agencies and online portals, six airlines, more than 130 aircraft, over 300 hotels with 210,000 beds, 13 cruise liners and countless incoming agencies in all major holiday destinations around the globe. TUI was founded in 1968 and is based in Hanover, Germany.


Deal Context for Buyer #
Overall 1 of 2
Sector: Internet Software and Services 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 2
Year: 2007 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-15 PNA Group

Atlanta, Georgia, United States

PNA Group processes steel and distributes it to fabricators, manufacturers and distributors, primarily in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-27 TUI Travel

West Sussex, United Kingdom

TUI Travel is one of the world’s leading leisure travel groups, with over 220 trusted brands in 180 countries and more than 30 million customers. TUI Travel is based in West Sussex, United Kingdom.

Buy -