The Kuoni Global Travel Services acquisition is a move to bolster JTB Corporation's ambitions to become a top global DMC, as the partnership is expected to strengthen the inbound business services and increase the market share in Europe. It will also support the expansion and strengthening of the global MICE services in Europe and the US markets, which is complementary to existing JTB MICE business, the company said in a statement. Thomas Cook's acquisition does not include Kuoni Destination Management Europe and Kuoni Destination Management US, which remain in the portfolio of Kuoni Global Travel Services. Reto Wilhelm, CEO of Kuoni Global Travel Services, said: “JTB is one of the biggest and most respected market players in our industry. Joining JTB provides our company with the best positioned owner, which will help us realise the full potential of Kuoni Global Travel Services.” Get the full story at TTG Asia