Top Trending: 10 Horrible Habits That Destroy Your Happiness

Carlson Wagonlit to Acquire Corporate Travel

  • ---Shares

Minneapolis-Carlson Wagonlit Travel has signed an agreement to buy the U.S. corporate travel subsidiary of Maritz Travel Co. The subsidiary, operated as TQ3 Travel Solutions Maritz Travel, is a unit of St. Louis-based Maritz Inc. Terms of the transaction were not announced.

The companies didn't give a date for the completion of the acquisition, which is subject to various conditions, including regulatory approval. A Carlson Wagonlit Travel spokeswoman said the two organizations plan to integrate their North American leadership, operations, staff and technology over the next three to six months. TQ3's St. Louis office will remain open.

Jack O'Neill, CEO of Maritz Travel, will become executive vice president and chief operating officer of Carlson Wagonlit U.S. once the transaction is completed. Carlson Wagonlit is co-owned by the Paris-based Accor Group and privately owned Carlson Cos. Inc. in Plymouth. -Minneapolis/St. Paul Business Journal

Next Article:
Logistics A Game Changer For eCommerce
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.