Thomas Cook has signed a long term agreement with Amadeus, a world leader in global distribution systems (GDS).
As part of its strategic intent with focus on technology and transformation, Thomas Cook India had undertaken a comprehensive evolution to identify a GDS provider that would best align with its evolving business dynamics.
Amit Madhan, chief operating officer, IT & eServices, Thomas Cook (India) said, "Technology transformation is a strategic focus area for us at Thomas Cook India and we see Amadeus as a key enabler in this journey-its suite of technology solutions and add on products driving automation and catalyzing efficiencies and productivity across our Thomas Cook India enterprise."
Shares of the company gained Rs 6.3, or 3.18%, to trade at Rs 204.50. The total volume of shares traded was 79,149 at the BSE (11.37 a.m., Monday).