Kuoni acquires Dorado Latin Tours
Kuoni Switzerland continues to expand its portfolio in the specialist segment. As of 1st April 2007, the company has acquired Dorado Latin Tours AG. The travel specialist is one of the leading operators of tours to South America and the Polar regions.
Dorado Latin Tours has been active on the Swiss market for 7 years. The experienced company offers specialised and individual trips to South America, from Columbia to Tierra del Fuego. Its programme also includes expeditionary trips to the Arctic and Antarctic and to the Falkland Islands. In 2006, Dorado Latin Tours posted sales of CHF 7.5 million. The parties agreed not to divulge the price of the sale transaction. There will be no change to the situation of the company’s eight employees and its management, who will continue to develop the company further. The operator brand Dorado Latin Tours will be retained.
Dorado Latin Tours will be incorporated into the strategic business unit Switzerland as of 1st April 2007 and assigned organisationally to the Participations (subsidiaries) division under the management of Urs Bellmont. Dorado Latin Tours thus becomes the ninth independent operator brand under the umbrella of the specialised subsidiaries of Kuoni Switzerland.
The Corporate Finance Team consisted of Stephan Hitz, Engagement Partner and Roland Keusch from Hitz & Partner Corporate Finance as well as Ralf Rosenow, attorney at law with Rosenow Grob Schilling.
Quote by Roberto Luna, Chairman of the Executive Board at Kuoni Switzerland
„Dorado Latin Tours is an ideal supplement to our business on a growth market. The well-known South American specialist in the top segment and the new Kuoni South America programme will offer consumers ideal travel options to South America and the Polar regions, ensuring Kuoni is the clear market leader in South America“.