Saturday, 26 September 2015

Carita sells TVPT 14.46: Radius corporate offices are in Washington, DC, London, Sao Paulo and Singapore.

The Radius Global Hotel Program, featuring the world's leading hotel brands, is one of the largest in the corporate travel market. The Radius network operates across more than 80 countries and manages more than USD 23 billion of annual corporate travel spending. We're committed to providing our clients with the richest content and highest level of service possible. As part of the agreement, Travelport and Radius will work together to accelerate mutual sales growth and deliver innovative solutions for the global corporate travel market. The 70 members of the Radius Travel network---including agencies such as Cox & Kings (India), Ctrip (China), and Portman Travel (United Kingdom)---are among the leading regional travel management companies in their respective areas of the world.


Bertie:
Travelport expects the acquisition to be neutral for its financial performance in 2015 and accretive in future years.

Alexa:
The acquisition was funded from Travelport's cash resources.

Jocelyn:
At the same time, MTT will benefit from the network effect of Travelport in terms of infrastructure, our relationships with additional prospective clients and access to our industry leading content.

Dorian:
MTT works with its clients to create mobile applications and intelligent mobile services that deliver a highly customer-centric experience.

Lorita:
Its clients include some of travel's most progressive companies such as easyJet, Singapore Airlines, Saudia, BCD Travel, Capita Travel and Events and the LATAM Airlines Group.

Jonie:
Voted Best Technology Provider at the 2014 Travolution Awards, MTT provides unrivalled travel industry experience, world-class mobile development, creative design and UX expertise.

Terrie:
In connection with the transaction, Travelport issued grants totalling EUR14,400,000 to 28 MTT executives, to be paid in the first quarter of 2018 in Travelport common shares based on MTT performance targets and other terms and conditions.

Ouida:
Travelport has also invested in, and expanded, eNett, a pioneering B2B electronic payments company which now operates in 47 countries around the world and continues to grow rapidly.

Olga:
Travelport's acquisition of MTT follows other recent investments it has made as part of its ongoing strategy to redefine travel commerce, with a particular emphasis on the fast growing digital economy.

Dreama:
MTT has experienced very significant growth as the market and demand for mobile travel has expanded and there is enormous potential to grow further.

Travelport Worldwide Ltd (NYSE:TVPT)
//stockhand.net/us/?q=nyse%3Atvpt&id=156632

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