TQ3 expands into Canada, South Africa, Turkey and Germany
TQ3 Travel Solutions has announced its expansion into Canada, South Africa, Turkey and Germany by acquiring the business travel activities of Kühne & Nagel International AG.
The acquisition includes the following companies (subject to approval by the anti-trust commission):
In addition to marking the entry of TQ3 Travel Solutions into the Canadian, South African and Turkish markets, this move also reinforces the global expansion strategy of the company. Furthermore the agreement increases TQ3’s share in the Bremen-based Stute Reisebüro from 50% to 100%, a move that further empowers TQ3’s overall business activities in Germany.
Commenting on the expansion, Marc Hildebrand, Chief Executive Officer of TQ3 Travel Solutions said: “I am delighted that TQ3 has strengthened its presence in these countries increasing corporate ownership in key markets. We look forward to extending our services throughout these regions and building new partnerships.”
TQ3 Travel Solutions is the provider of end-to-end travel expense management solutions. The company is owned equally by Maritz Inc. of St. Louis, Missouri and by Preussag AG of Hanover, Germany.
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.
































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent