TUI Needs to Grow, So It Invests in a Travel Tech Company
Photo Credit: The TUI Group headquarters. The company has taken a stake in fellow German company peakwork. Wikimedia Commons / Christoph Wilhelms
Skift Take
TUI was already a client of peakwork so it can obviously see the potential in a company that can help speed up the search process.
The investment arm of European tour operator TUI Group has taken a 15.4 percent stake in German travel technology company peakwork.
Terms of the investment were not disclosed.
The terms of the deal have not been revealed but it is expected that other investors will also come onboard in the near future
