In 2000, Thomson Travel was acquired by Preussag AG, an industrial and transport conglomerate. Although Preussag AG, which re-named as TUI AG in 2002, retained the Thomson brand for a while, it was retired completely in 2017.
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It was acquired by Preussag AG, an industrial and transport conglomerate, in 2000.The group continued until 2002 when it was renamed TUI Northern Europe Limited, a full subsidiary of TUI AG.
The move was made because the company wanted to maximise the power of the Thomson name. In 2007, it merged with First Choice. Thomson was founded in 1965 by Roy Thomson, a Canadian newspaper baron.
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