Wings Travel Management is expanding its presence in Europe after securing a deal for TMC Travelnet Stavanger.
Founded in 2001, Travelnet Stavanger specialises in providing travel management services to clients predominantly in the oil, gas and marine sector from its office on the west coast of Norway.
The company’s client portfolio ranges from start-up businesses to multi-national blue-chip organisations with a spend in excess of £3m.
The Travelnet Stavanger team will migrate to Wings’ global technology platform over the next two months and fully re-brand as Wings Travel Management during the course of 2016.
The addition of Norway to Wings means it now has 12 owned and controlled operations on five continents within key oil and gas markets worldwide, including Angola, Brazil, Nigeria, South Africa, UAE, United Kingdom (including two offices in Scotland) and USA.
As announced in December 2015, Wings is also now servicing clients in Saudi Arabia and has registered to establish a company in Dammam in early 2016.
Tony Sofianos, CEO, Wings Travel Management said: “This acquisition is of strategic importance because the oil, gas and marine sectors account for around 60 per cent of Wings’ global business and Norway is a key market in this sector.
“Stavanger in particular is a hub for the oil and gas industry with close ties to Aberdeen. We felt the time was right for Wings to have a local presence in order to service our existing clients more effectively, as well as grow our business in the long term,” he added.
Sign up to BBT’s twice-weekly newsletter