TQ3 Travel Solutions becomes majority shareholder of Globus Reisedienst GmbH in Germany

Friday, 28 Feb, 2003 0

28 February 2003, Bremen, Germany – TQ3 Travel Solutions, one of the leading global travel management companies, is pleased to announce it has acquired a majority shareholding in Globus Reisedienst GmbH in Germany. The acquisition, completed on 1 January 2003, further strengthens TQ3’s position as the clear market leader in Germany.

Globus Reisedienst GmbH, founded in 1985 by Managing Directors Werner Rettig and Volker Wiederschein, has a staff of 80 employees and an annual turnover in excess of €60 million. With headquarters in Manheim, the company operates seven implants throughout Germany. Werner Rettig and Volker Wiederschein will remain in their positions at Globus Reisedienst GmbH.

Marc Hildebrand, CEO, TQ3 Travel Solutions stated: “We are delighted about this acquisition. Globus is a prestigious company and the first application service provider to offer SAP Travel Management. Furthermore, it enhances the strong expertise of our global company.”

TQ3 Travel Solutions, with global headquarters in Bremen, Germany, and EMEA-APAC headquarters in London, UK, is the quality provider of innovative end-to-end travel expense management solutions worldwide. Operating in over 60 countries with system-wide revenues in excess of $9 billion USD, TQ3 Travel Solutions employs more than 12,000 business professionals throughout 1,600 locations. TQ3 has reinvigorated the global business travel market through its progressive approach to Strategy, Innovation and Performance.

For further information, please contact:
Melanie Garrett, Director of Marketing EMEA
Tel: +44 (0) 7736 105257 / +44 (0) 1279 636310
Fax: +44 (0) 1279 636333
melanie.garrett@tq3.uk.com

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