TUI

By dor.nyitrai

  • The Exit

    Michael Frenzel and his team decided to exit the smelting and mining industry, thus it is too cyclical and the profitability was decreasing from year to year.

  • Starting the programme of major acquisitions

    First the company bought Hapag-Lloyd AG, then made the complete acquisition of TUI Deutschland and took a significant equity share of Magic Life

  • HTU purchase

    Hapag Touristik Union, the tourism division of Preussag, purchased approximately 30% of Thomas Cook.

  • Majority stake in Thomas Cook

    HTU acquired majority stake in Thomas Cook.

  • TUI GROUP

    Hapag Touristik Union was renamed to TUI GROUP and jumped into the Europen market. It take over the control of several companies and created acquisitions in many cases such as the takeover of British Thomnson Travel Group then took stake in the French Nouvelles Frontieres furthermore the acquistion of Fritidsresor. Now TUI group one of the leading company in tourism all around the world.

  • WORLD OF TUI

    All the brands and companies were put under the umbrelle of the WORLD OF TUI. The group was fully repositioned towards tourism.

  • TUI Air Management

    TUI Air Management was created in order to manage the six group airlines centrally.

  • TUI AG

    Preussag Ag was renamed to TUI AG.

  • Takeover of Nouvelles Frontieres

  • Cost-cutting programme

    In order to adjust the slump in tourism, the group started a cost-cutting programme

  • TUI China

    Tui China was created for Chinese tourist travelling to Germany.

  • First low-cost travel agency

  • TMR

    TUI set up TMR, the Russian tour operator through joint venture.

  • Touropa.com

    TUI launched the virtual tour operator in Germany

  • Entering the Indian market

  • Full control of CP

    TUI took over the full control of the Canadian shipping company.