EU – Baltic States, Mergers and take-overs, Tourism

With annual sales volume of more than 450 million US dollars, privately owned Kaleva Travel is Finland’s largest travel agency, specializing in business travel. CWT business relationship with Kaleva Travel has expanded geographically over years and today includes partner operations in Estonia, Finland, Latvia, Lithuania, and Romania. As a result of this acquisition, CWT now has a wholly owned presence in each of these important markets, writes LETA.

Mika Kiljunen, the CEO of Kaleva Travel, will continue to lead the existing operations under CWT's ownership and will report to Patrick Andersen, CWT executive vice president, Nordic countries. In addition to Mr. Kiljunen, CWT today welcomes Kaleva Travel's 450 employees.

Integration of the two companies is underway and will continue in the coming months. Throughout the transition, the CWT and Kaleva Travel teams will remain focused on delivering the strong service each organizations’ customers have come to expect, while making every effort to ensure a seamless transition for clients.

Carlson Wagonlit Travel (CWT) is a global leader specializing in business travel management. Present in nearly 150 countries, CWT serves companies of all sizes, as well as government institutions and non-governmental organizations. The company is also committed to providing best-in-class service and assistance to travelers. CWT services and solutions comprise four lines of business: Traveler & Transaction Services, Program Optimization, Safety & Security, and Meetings & Events.