eSky, one of Central and Eastern Europe’s leading travel platforms, has signed an agreement with Fosun Tourism Group to acquire all of Thomas Cook’s operations, except for its activities in China.

According to a report from www.travelgossip.co.uk, eSky did not disclose how much it paid for Thomas Cook, but the financial newspaper Nikkei Asia reported that the business would be sold for $40 million. The deal will grant Thomas Cook access to eSky’s flight inventory and support its ongoing growth. At the same time, eSky will be able to strengthen its position in Western Europe.

Łukasz Habaj, co-founder and CEO of eSky Group, said: “The synergy of Thomas Cook’s brand heritage with our technology will drive Thomas Cook’s growth and allow us to strengthen eSky’s position in Western Europe. This acquisition is part of our diversification strategy, which involves expanding beyond just selling flights to offering package holidays in our existing markets in Europe and Latin America, and further expanding into Western Europe.”