Thomas Cook India Group, the leading integrated travel services group, has just recently announced its acquisition of a 51 per cent stake in Digiphoto Entertainment Imaging (DEI), which is one of the world’s leading imaging solutions and services providers at an enterprise value of $40.6mn (Rs289cr). The transaction is subject to regulatory approvals and customary closing conditions. The acquisition marks the Thomas Cook India Group’s entry into an adjacent sector, complementary to its travel and travel related services portfolio and is both PAT and free cash accretive from day one.
Established in 2004, Digiphoto Entertainment Imaging is a technology driven company with offices in Singapore, Dubai, Mumbai, Orlando, Hong Kong and Kuala Lumpur. DEI focuses on imaging solutions for the attractions industry with a robust end-to-end turnkey model by providing equipment, software, talent and operational expertise consultation to its business partners. With a strong network of over 120 partners, DEI is present at more than 250 venues spanning over 14 countries (Singapore, UAE, Hong Kong SAR, Macau SAR, China, USA, Malaysia, Thailand, Indonesia, Mauritius, Maldives, Egypt, India and Kuwait), and has completed 3.6 million transactions in 2018.
