Merger • Leisure

TUI Acquires TUI Travel

On June 27, 2014, TUI acquired leisure company TUI Travel

Acquisition Context
  • This is TUI’s 1st transaction in the Leisure sector.
  • This is TUI’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date June 27, 2014
Target TUI Travel
Sector Leisure
Buyer(s) TUI
Deal Type Merger

Target Company

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.
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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 2 of 2
Sector: Leisure 1 of 1
Type: Merger 1 of 1
Country: United Kingdom 2 of 2
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-03 First Choice Holidays

Crawley, United Kingdom

First Choice Holidays Plc provides various packages for travelling and restaurant reservation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-28 HBX Group

Palma de Mallorca, Spain

HBX Group is an independent global business to business (‘B2B’) bedbank. HBX Group also provides transfers, excursions and tours, meetings and events and cruise handling services. HBX Group client base includes online travel agencies, traditional travel agencies, travel re-sellers, tour operators, and airlines. HBX Group was founded in 2001 and is based in Palma de Mallorca, Spain.

Sell €1.2B

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