Carlson Wagonlit Travel (CWT) announced the acquisition of German…
Carlson Wagonlit Travel (CWT) announced the acquisition of German travel management company ONboard, formerly Travel Service Hoechst GmbH.
This acquisition strengthens CWT`s presence in the German market and enhances its relationship with several global blue chip clients. It builds on the success of the acquisition in January 2002 of AC Travel.
Specializing in business travel management, ONboard serves major international companies in particular in the chemical and pharmaceutical industries. ONboard adds significant service capabilities to CWT throughout the country, and brings strong business development perspectives with Germany-based multinational groups.
This acquisition strengthens our position in Germany, and gives us promising opportunities on a global basis, said August Gossewisch, senior executive vice president CWT Central & Eastern Europe. CWT continues to be a dynamic player in a fast changing market.
One of our objectives is to support our clients across their increasing globalization needs, added Hubert Joly, president & CEO CWT Worldwide. While CWT is already a major player in Germany, the clients served by ONboard will now benefit from our global network, tools and capabilities.
The current Carlson Wagonlit Travel coverage of 66 branches in Germany will be completed with 5 ONboard locations in Frankfurt-Hochst, Wiesbaden, Bad Soden, Marburg and Gersthofen.
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