Travel and Transport Announces Acquisition of Radius Travel
Travel and Transport announced today the acquisition of Radius Travel, a move that expands its global footprint. Travel and Transport is a founding member of Radius Travel.
“This acquisition will harness the power of Travel and Transport, with the global reach of Radius and its network partners. This is a significant component of our global strategy going forward.” stated Travel and Transport CEO, Kevin O’Malley.
The benefits of this single ownership will deliver global data consolidation and visualization and greater buying power, which will benefit customers globally.
“When we began the process of consolidating ownership of Radius Travel in 2011, we viewed it from the perspective of how best to serve the clients of Radius Travel,” said Tim Fleming, president and chief operating officer of Travel and Transport and Radius Travel chairman of the board of directors. “Now, as a singularly owned global network, we will strengthen the customer experience by expanding our collective offerings focused on customer service, technology and best-in-class global solutions to fit our clients’ needs.”
Shannon Hyland, current president and CEO of Radius Travel, will assume the position of senior vice president of global services for Travel and Transport. Radius Travel will continue to operate out of its global headquarters office located in Bethesda, Maryland. Kieran Hartwell has been promoted and will now serve as president of Radius Travel.
The travel network will continue to work with its 100+ partner agencies across six continents, meeting and exceeding the needs of our clients. “Our mission is to grow multinational business through the network, and to achieve that, we must continue to maintain a laser focus on the customer,” said Hartwell.
This acquisition is the latest in a series of transactions by Travel and Transport over the past six years, including the most recent purchase of London-based travel management company Statesman Travel in 2017; the purchase of Ultramar Travel Management, Inc. in New York; the investment in DERPART MfG Reisen, a travel management company in Munich, Germany, and Lucerne, Switzerland; and the opening of a Travel and Transport office in Lyon, France along with other moves it has made to bolster its position globally. Also, well known for its industry-leading technology, Travel and Transport launched a big data solution company known as DVI in 2017.
About Travel and Transport
Founded in 1946, Travel and Transport, Inc., is one of the largest travel management companies in the U.S. specializing in corporate travel management, leisure/vacation travel and group/meeting travel services. Travel and Transport, a 100% employee-owned company, is recognized for unparalleled service, integrity and industry-leading technology solutions. Travel and Transport is headquartered in Omaha, Nebraska. Please visit www.travelandtransport.com for more information about Travel and Transport, Inc.
About Radius Travel
Radius Travel is a global travel management company that designs and delivers programs for multinational companies through a network of best-in-market agencies. The Radius network is made up of more than 100 agencies worldwide and manages more than USD 30 billion of annual corporate travel spending. The Radius Global Hotel Program, featuring the world’s leading hotel brands, is one of the largest in the corporate travel market. Radius Travel is headquartered in Bethesda, Maryland, US. www.radiustravel.com
Director of Strategic Communications and Public Relations