Thomas Cook India arm acquires 64% stake in Comtel Solutions

Travel services provider Thomas Cook India today said its arm Quess Corp has acquired 64 per cent stake in Singapore-based technology service provider Comtel Solutions Pte Ltd for an undisclosed sum.

"Quess Corp Ltd, a subsidiary of Thomas Cook (India) Ltd, has completed acquisition of 64 per cent equity in Comtel Solutions Pte. Ltd., Singapore on February 14, 2017," the company said in a filing to BSE.

Thomas Cook India, however, did not provide any financial details on the stake acquisition.

Quess Corp is a business services provider operating in four broad segments: Global Technology Solutions, People and Services, Integrated Facilities Management and Industrial Asset Management.
 

Comtel Solutions Pte Ltd has been in business for over a decade and has expanded across Asia Pacific and several industry verticals.

Its divisions work across various sectors and the solutions developed by it cover areas such as banking, high-tech manufacturing, telecommunication, logistics and healthcare industries.

Shares of Thomas Cook India today closed at Rs 197.05 per scrip on BSE, up 0.54 per cent from its previous close.