WINGS Travel Management
is expanding its presence
in Europe and has acquired
Travelnet Stavanger in
Norway for an undisclosed
sum, effective March 1.
Founded in 2001,
Travelnet Stavanger
specialises in providing
travel management services
to clients predominantly
in the oil, gas and marine
sector from its office in
Stavanger 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 (R73m). The
Travelnet Stavanger team,
who collectively have some
80 years’ business travel
experience, will migrate to
Wings’ global technology
platform over the next two
months and fully re-brand as
Wings Travel Management
during the course of the year.
Tony Sofianos, ceo of
Wings Travel Management,
says: “This acquisition is
of strategic importance
because the oil, gas and
marine sectors account for
around 60% 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.
“By having a wholly owned
presence in Norway using
our global standardised
technology platform, we
will be able to source
competitive fares globally
from any of our operations.
Other benefits include
effective consolidated
data integrity, irrespective
of where the service is
sourced.”
Wings acquires another TMC
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