Carlson Wagonlit Travel (CWT) is a global specialist in managing business travel, meetings and events for companies, governments and non-governmental organizations.
Tracing its origins back to the 1870s' invention of rail sleeping cars and the creation of Compagnie International des Wagons-Lits by Belgian, Georges Nagelmackers, CWT is a privately held travel management company, wholly owned by Carlson Companies.
Headquartered in Amsterdam, the company reported $23 billion in total transaction values in 2016 and recorded almost 59 million transactions. The company has over 18,000 employees across nearly 150 countries.
CWT is a global advocate of responsible business practices and is a signatory of the United Nations Global Compact.
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History
The group has existed in its present form since 1994, the result of a 50%/50% merger from two large travel agency ventures. The Carlson side was originally from the Ask Mr. Foster Travel Agency chain, which had already been rebranded to Carlson Travel Network. The Wagonlit part came from the travel shop business of Compagnie Internationale des Wagons-Lits.
On April 27, 2006, Accor announced the sale of its 50% interest in CWT to Carlson Companies and One Equity Partners.
On June 22, 2014, the company announced that Carlson, a privately held corporation in the hotel, marketing, restaurant, and travel industries which owned a 55% stake in the company, would purchase the remaining 45%, held by JPMorgan Chase.
Source of the article : Wikipedia
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