TQ3 Travel Solutions Acquires Stake in Navigant
TQ3 Travel Solutions has acquired on the American stock market 9.03 percent of the American Travel Management Company Navigant International. “This acquisition underlines our intention to further develop TQ3 Travel Solutions as one of the leading business travel providers in the world,” said Sebastian Ebel, member of the TUI AG executive board. “Through its strong position in the US market, Navigant is of significant importance to the future of TQ3.”
The two companies have already been working together for more than a year within the framework of a global cooperation agreement. With its business travel companies in the USA, Australia and New Zealand, all of which trade under the global TQ3 brand, Navigant covers three of the important markets of the global TQ3 network, which today extends to over 80 countries.
Marc Hildebrand, President and CEO of TQ3 said: “It is our wish to further strengthen our relationship with Navigant in all areas of business, especially in the fields of marketing and technology, in order to create an even more attractive proposition for our broad base of customers.”