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CWT Acquires Net Tours of Brazil

CWT Acquires Net Tours of Brazil

Carlson Wagonlit Travel has acquired Net Tour Viagens E Turismo Ltda (Net Tours) through its local Brazilian subsidiary, Wagons Lits Turismo Do Brasil Ltda (CWT Brazil). Net Tours, based in Sao Paulo, Brazil, has provided travel management expertise to corporate travellers since 1995 and has annual sales of more than €124 million. CWT is the only global travel management company with wholly owned operations in Brazil.

“This acquisition will further consolidate CWT’s presence in Brazil,” said Andre Carvalhal, President and Chief Executive of CWT Brazil. “In addition to leveraging CWT’s global network and services to benefit Net Tours’ customers, it will also reinforce our relationships with suppliers in the region.”

“Latin America represents a real area of growth for the business travel industry, with Brazil in particular experiencing some of the most substantial increases of any region across the main areas of travel spend. I am delighted that Net Tours is becoming a wholly owned member of CWT and I am keen that we continue to build our footprint in this market,” commented Håkan Ericsson, President CWT EMEA and Latin America.

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NEIL STEEDMAN has been a trade journalist, editor and proofreader for 53 years, and ITTN's News & Features Editor for 43 years. His travel blog is at www.thetravelbuddhist.com.

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