WorldMate bought by Carlson Wagonlit for about $20 million
Skift Take
The acquisition of WorldMate is a natural fit for Carlson Wagonlit Travel and corporate travel in general. Integrating WorldMate without turning off WorldMate's non-CWT travel management customers will be dicey.
Mega travel management company Carlson Wagonlit Travel has agreed to acquire itinerary management service WorldMate for around $20 million, Skift has learned.
A spokesperson for CWT said an official announcement could come today or tomorrow and a WorldMate spokesperson declined to comment.
CWT's acquisition price of some $20 million for WorldMate was far below what Concur paid to acquire itinerary management service TripIt in January 2011.
Concur bought TripIt for $24.7 million in cash, stock worth $41.2 million, and "future contingent consideration" pegged at $28.9 million, which brings the tab to more than $95 million.
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