Home > Online > TUI makes investment in tech provider Peakwork

TUI makes investment in tech provider Peakwork

11/11/2016| 10:18:01 AM| 中文

European tour operating giant TUI Group has taken a 15.4% stake in Peakwork, the Germany-based software provider that was formed in 2009.

European tour operating giant TUI Group has taken a 15.4% stake in Peakwork, the Germany-based software provider that was formed in 2009.

The financial details behind the investment are not disclosed.

The backing of TUI comes as Peakwork looks to attract other strategic investment opportunities.

Peakwork creates distribution software that it licenses out to the travel value chain.

It connects supply – from dozens of airlines, package suppliers, hotels, bedbanks, global distribution systems (GDSs), and other sources – with distributors, including tour companies (such as Thomas Cook), online travel companies (like Trivago), networks (like Expedia Affiliate Network), tours and activities brands (such as Get Your Guide), and other distributors.

Read original article

TAGS: TUI | Peakwork | Germany | investment
©2016 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!