Carlson Wagonlit Travel has bought a Spanish travel agency Viajes Lepanto for an undisclosed sum.
The agency has been in business for 40 years and has an annual sales of €16 million, 62% of which is generated by business travel and 38% by meetings and events.
The acquisition will further strengthen CWT Spain’s position in the country, bringing eight new business premises into its network, giving CWT a total of 170 in the country.
CWT executive vice president Spain, Mediterranean and Latin America Marino 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.
“Our experience in successfully integrating acquisitions and our commitment to maintaining the high-quality service and close working relationships Viajes Lepanto clients have always known will benefit our collective stake holders.”