Kuoni has completed the acquisition of Gullivers Travel Associates (GTA) from Travelport. The takeover will see GTA integrated into the ‘Division Destinations’ of the Kuoni Group.
Kuoni announced its intention to acquire GTA on 7 March 2011, in a deal worth US$720 million. The Swiss company’s CEO, Peter Rothwell said the purchase was intended to “transform us into one of the leading global providers of online destination management services”.
The new CEO of GTA is Rolf Schafroth, a member of the Kuoni Group Executive Board and responsible for Division Destinations. He will also continue to serve as CEO of the Kuoni Destination Management unit.
GTA focuses on hotel reservations, coach services, transfers, city sightseeing tours and destination services for group and independent travellers, and employs some 2,400 staff.