Thomas Cook India’s subsidiary - Quess Corp (formerly known as IKYA Human Capital Solutions), has entered into definitive agreements for acquiring Comtel Solutions, Singapore on February 06, 2017. Last year in October, Quess had entered into a binding agreement to acquire a majority stake in Comtel Solutions (Comtel), marking the company’s entry into the Technology Staffing domain in Singapore. Quess will initially acquire 64% in Comtel while the balance will be acquired in a phased manner over FY18-20.
Comtel is one of Singapore’s largest independent staffing companies with services offered across staffing solutions, managed services solutions, and recruitment and search services with operations across Malaysia and Indonesia. Comtel serves more than 60 clients, including marquee names in BFSI, Engineering and IT sectors.
Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. The company set up its first office in India in 1881.