ATG Travel Worldwide has completed its acquisition of CWT’s business travel operations in Germany.
The Netherlands-based TMC, which announced the deal in early August, said the deal “strengthens ATG’s footprint in a key European market and aligns with its long-term global growth strategy”.
The acquisition is separate from American Express Global Business Travel’s merger with CWT, according to ATG, which is also due to be completed imminently.
The new division, now known as ATG Business Travel Management, will operate as a “separate entity” focused on the German market, with CWT’s employees in Germany joining ATG as part of the deal.
“Welcoming our new teammates and customers marks an exciting next chapter for our business in Germany,” said Torsten Krings, president of ATG Travel Worldwide.
“Our goal is to ensure continuity for our employees and customers; maintaining the trusted relationships and results our customers depend on, while enhancing them with ATG’s people first focus, innovation and high-touch service.”
Peter Ashworth, managing director of ATG Business Travel Management, added: “The German operation will operate completely autonomously, and enjoy the benefits that come from local leadership, local controls, decisions and financials.”
The TMC already operates in Germany under its ATG Travel Deutschland subsidiary, based in Frankfurt, which will continue to be run as a separate operation. The new acquisition is expected to “triple” ATG’s presence in the country.