Consolidation continues
Navigant International has acquired Northwestern Travel Service L.P. from Northwestern and the Noble Family Limited Partnership, according to news reports.
The company is already the second largest travel management company in the US. It paid $775,000 in cash or approximately $19.5 million in the form of a short-term promissory note, about 611,000 shares of stock.
Navitant said the Minneapolis-based Northwestern Travel recorded airline ticket and incentive meeting sales of more than $35 million in 2003. Revenues were about $40 million.
About 70% of Northwestern’s earnings are from corporate travel management, 13% from meetings and incentive operations, and 17% from leisure travel.
Northwestern was founded in 1969 by John Noble, who remained its chairman until the acquisition, according to ATWOnline.com.
Report by David Wilkening
David
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Phocuswright reveals the world's largest travel markets in volume in 2025
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports