MTS-OTS Group, with its Incoming brands MTS, OTS and its software development company Axis Data, is taking over 49 per cent of the shares in MTS Incoming S.L. from Rewe Touristik on 1 November 2013.
COLOGNE / PALMA – The MTS-OTS Group and REWE Touristik (RTG) are changing the shareholding structures in the jointly owned MTS Incoming S.L. Up to now RTG owned 49 per cent of MTS Incoming S.L., while 51 per cent was held by the MTS-OTS Group.
1st of March 2013 Soren Hartmann, Managing Director of REWE Touristik and Dr Rembert Euling, Managing Director of the MTS Group, are signing the contract that will reorient both companies‘ Incoming business.
RTG, with the tour operator brands ITS, Jahn Reisen and Tjaereborg, has founded its own Incoming holding company. This is taking over the businesses in Egypt, Dubai, North Italy and Bulgaria from MTS Incoming S.L. and is taking a holding of 35 per cent in MTS Incoming in Portugal.
MTS-OTS Group, with its Incoming brands MTS, OTS and its software development company Axis Data, is taking over 49 per cent of the shares in MTS Incoming S.L. from Rewe Touristik on 1 November 2013 and will thus hold 100 per cent of all the shares in Spain, Turkey and Greece. OTS will remain present in 13 countries unchanged.
With the reorganisation of the ownership structure, a new phase in the cooperation between Rewe Touristik und MTS-OTS Group will begin at the end of 2013. Rewe Touristik will continue to work together with the MTS-OTS Group in Spain, Portugal, Cap Verde, Greece and Turkey.
An additional aim of this reorientation for both partners is tapping new business areas in future and developing cooperation with existing and new business partners and new source markets. At the same time interfaces and processes from destinations can be optimised in sales channels by the new structure.
“Incoming is becoming more and more important in the tourism value creation chain. To participate more strongly in sustainable business models, we want to reorient this division,” agreed Dr Rembert Euling and Soren Hartmann.
