Carlson completes acquisition of Carlson Wagonlit Travel
AMSTERDAM AND MINNEAPOLIS |
18 AUGUST, 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.”