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Carlson Completes Acquisition of Carlson Wagonlit Travel
MINNEAPOLIS and AMSTERDAM | August 18, 2014
Carlson, a global hospitality and travel company, today announced the completion of the acquisition from JPMorgan Chase & Co. (“JPMC”) for the 45 percent equity interest JPMC indirectly held in Carlson Wagonlit Travel (CWT). Financial terms of the transaction were not disclosed.
“With the close of this acquisition, Carlson secures full ownership of the global leader in travel management,” said Carlson President and CEO Trudy Rautio. “We have been pleased with CWT’s past performance and are excited by its potential for continued growth and value creation.”
CWT is a global leader specializing in business travel and meetings management. CWT works with clients to respond to the complexities and challenges of business travel management while addressing the needs and expectations of travelers.CWT employs nearly 19,000 people worldwide spanning more than 150 countries and territories. CWT’s clients include one-third of the Fortune Global 100 companies. In addition, it has a diverse client portfolio ranging from small and mid-sized companies, to government institutions and non-governmental organizations. In 2013, CWT generated traffic of $26.9 billion.
CWT is a global leader specialized in managing business travel and meetings and events. CWT serves companies, government institutions and non-governmental organizations of all sizes in more than 150 countries and territories. By leveraging both the expertise of its people and leading-edge technology, CWT helps clients derive the greatest value from their travel program in terms of savings, service, security and sustainability. The company is also committed to providing best-in class service and assistance to travelers. In 2013, sales volume for wholly owned operations and joint ventures totaled $26.9 billion. As part of its commitment to responsible business, CWT is a signatory of the United Nations Global Compact Ten Principles. For more information about CWT, please visit our global website at www.carlsonwagonlit.com. Follow us on Twitter @CarlsonWagonlit.
Carlson is a privately held, global hospitality and travel company headquartered in Minneapolis, Minn. and is the parent company of Carlson Rezidor Hotel Group and Carlson Wagonlit Travel. Carlson Rezidor Hotel Group has more than 1,340 hotels in operation and under development including: Quorvus Collection, Radisson Blu®, Radisson®, Radisson Red, Park Plaza®; Park Inn® by Radisson and Country Inns & Suites By CarlsonSM. CWT is a global leader specializing in business travel management and meetings and events. CWT serves companies, government institutions and non-governmental organizations of all sizes.Carlson operates in more than 150 countries and territories and its brands employ more than 100,000 people. www.carlson.com
Ben Gardeen, Carlson, +1 (763) 212-8129, email@example.com