TQ3 and Navigant International Announce New Alliance

TQ3
Travel Solutions
has announced it will enter into an agreement with Navigant International,
the second largest travel management company in North America.
Navigant has purchased 50% shareholding in TQ3 Travel Solutions GmbH,
the global joint venture company, thereby becoming an equal
shareholder with TUI in TQ3 and becomes the new partner in the United
States and Canada. 
The move represents significant development in
the evolution of the two organisations. Globally, the company will
continue to operate in the same marketing vein and under the
well-established TQ3 Travel Solutions brand. In the US and Canada, the
company will have the same corporate identity and will be branded
TQ3Navigant.   
The new company created by this strategic venture will
have a more extensive global network and a combined approximate total
number of staff of 12,700 worldwide. The new company will have
system-wide revenues in excess of $11 billion.  Both Navigant and TQ3
are committed to strengthening their global reach and by Navigant
joining the TQ3 organisation this will further solidify the ability to
effectively serve the interests of major customers in many key
markets. It is the goal of the new company to assure the highest
quality of innovative travel management while providing the greatest
value proposition. 
The new company marks TQ3’s continuing emphasis
on its strategy to expand and expedite globalisation, points echoed by
Marc Hildebrand, President & CEO of TQ3 Travel Solutions: “With
globalisation firmly in mind, this move will further bolster our
strong international presence. TQ3 is built upon in-depth market
knowledge and experience, quality of service and unparalleled
innovation, and we will continue to provide our multinational clients
with specialised service - characteristics that Navigant, as the
second largest player in North America, currently demonstrate.” 
Edward Adams, Chairman and CEO of Navigant International commented,
“There is significant growth potential in the worldwide travel
management market which can be tapped through an integrated approach
with TQ3 Travel Solutions.  We are leaders in our respective
territories and can contribute a strong base of existing operations, 
customers and other resources.  We are delighted to be joining with TUI
Business Travel in TQ3, as they truly share our vision for customer
service and support and the application of relevant technology
solutions.”
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