Carlson Wagonlit Travel is to buy Swedish travel management company Ark Travel for £20.7 million.

Ark Travel has 140 employees and has offices in Stockhom, Gothenburg, Malmo, Gavle and Sundsvall. Both sides have agreed to the move and the transaction is set to be completed on December 14.

CWT executive vice–president of north Europe Jan Willem Dekker said: “Ark Travel has successfully established itself as a reputable business travel management company in Sweden. It shares with CWT a common client and quality focus. It represents a good fit with our external growth strategy.

“We look forward to welcoming its team and working with its clients when the transaction closes in a few weeks.”