Kuoni has acquired Kontiki-Saga Reisen AG, the leading Swiss travel agency specializing in Northern Europe, to enhance its product offerings and strengthen its market position.
Information on the Target
Kuoni has successfully acquired Kontiki-Saga Reisen AG, a leading travel agency based in Switzerland, specializing in trips to Northern Europe. With a strong operational history spanning 30 years, Kontiki-Saga Reisen has established itself as the market leader for travel services to Scandinavia, Finland, Greenland, and Iceland. The acquisition will allow Kuoni to further solidify its market dominance in Switzerland.
In the year 2005, Kontiki-Saga Reisen AG reported revenues of approximately CHF 40 million and employs around 40 staff members. The acquisition will see Kontiki-Saga continue to operate as an independent subsidiary within the Kuoni Group, ensuring the preservation of its established brand while benefiting from the broader resources and capabilities of a larger organization.
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Industry Overview in Switzerland
The Swiss travel industry is characterized by strong competition and an increasing demand for specialized travel experiences. Since the Covid-19 pandemic, the market has witnessed a surge in domesti
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Disclosed details
Revenue: $45M