CWT strengthens its position in business travel in Brazil

Carlson Wagonlit Travel (CWT) announced on Wednesday that it had acquired Brazilian company Net Tour Viagens E Turismo.

Brazil's booming economy is driving business travel players to strengthen their positions there. The latest move comes from Carlson Wagonlit Travel (CWT), which recently bought Net Tour Viagens E Turismo Ltda, via its local subsidiary Wagons Lits Turismo Do Brasil Ltda (CWT Brazil). Based in Sao Paulo, Net Tour specialises in business travel management, and is worth some €125 million ($160 million) in terms of annual sales volume.