CWT buys Spanish agency
Carlson Wagonlit Travel has purchased Spanish travel agency, Viajes Lepanto.
The agency has annual sales volume of €16 million, with 62% of that coming from business travel and the remaining 38% from meetings and events..
The move brings eight new locations into CWT’s network in cities such as Madrid, Barcelona and Valencia, giving it a total of nearly 170 offices in Spain.
Viajes Lepanto general manager Javier Cabello will continue in his role, reporting directly to Marino Faccini, CWT executive vice president, Spain, Mediterranean and Latin America.
Faccini said: “The acquisition of Viajes Lepanto, like that of Viajes MAPFRE in the first quarter of this year, reflects the importance of strategic acquisitions in our development plan here in Spain and on a global level.â€
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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