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Wings acquires another TMC

27 Jan 2016
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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.”

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