Galileo International has announced it has acquired the business and assets of World Data Systems Co Ltd (WDS) - its distribution partner in Taiwan - and transferred them to Galileo Taiwan, a new wholly owned subsidiary. The terms of the transaction were not disclosed and is immaterial to Cendant.
Caption: Janie Kaung
Executive VP & Managing Director - Galileo International
entered the Taiwan market in 1991 in a partnership with WDS World Data Systems. With the largest share of the travel agency e-commerce market in Taiwan, Galileo Taiwan will continue to operate out of three locations, with its main office in Taipei and additional premises in Taichung and Kaohsiung. Galileo Taiwan will be headed by Brenda Tang, general manager, who comes to the subsidiary from WDS, which she joined in June 1998. With more than 17 years in the travel industry, Tang previously held positions with Utell International and Delta Airlines.
, executive vice president and managing director of Galileo`s Asia Pacific region, said: “This acquisition is another step in our previously stated `tuck in` strategy to increase our control in target markets, thereby enhancing service to our customers through a direct relationship and in growing Galileo`s market presence. As a wholly owned subsidiary, Galileo Taiwan strengthens our regional network and strengthens our commitment to the Asia Pacific market.
“We expect it to play a particularly important role in building our business in Greater China, where there are clear opportunities for creating synergies between Galileo and other Cendant-affiliated businesses. Galileo Taiwan will introduce new and increase existing services in the region and ensure we deliver the most complete content to our customers.”
The transition from WDS to Galileo Taiwan will be seamless for Galileo`s agency customers with their operations unaffected by the acquisition. As a wholly owned subsidiary, Galileo Taiwan strengthens the Company`s regional network, reinforces its commitment to the Asia Pacific market and increases Galileo`s global footprint.
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