TQ3 Travel Announces Major Acquisition

4th Mar 2003


Travel Solutions has announced it has acquired a majority shareholding in Globus Reisedienst GmbH in Germany. The acquisition, completed on 1 January 2003, further strengthens TQ3`s position as the clear market leader in Germany.
Globus Reisedienst GmbH, founded in 1985 by Managing Directors Werner Rettig and Volker Wiederschein, has a staff of 80 employees and an annual turnover in excess of EUR60 million.

With headquarters in Manheim, the company operates seven implants throughout Germany. Werner Rettig and Volker Wiederschein will remain in their positions at Globus Reisedienst GmbH.

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