Globespan Travel Management has acquired the U.S. division of U.K.-based Key Travel Group, the travel management companies announced.
With the transaction, the financial terms of which were not disclosed, Los Angeles-based Globespan said it will provide "uninterrupted service" for Key Travel's U.S. clients as it moves them into its ecosystem. Key Travel focuses on the non-profit, academic and humanitarian travel sectors, while Globespan also serves clients in the non-profit sector as well as the finance, media, legal and professional services sectors.
The acquisition "is a natural progression for our U.S. business," Key Travel U.S. managing director Mike Schields said in a statement. "Their leadership, technology and service philosophy align closely with our own."
China-based Trip.com Group has acquired Key Travel's U.K. and Europe, the Middle East and Africa operations and is integrating those operations into Trip.Biz, the full-service TMC powered by Trip.com.