 We are excited to share that Northstar has signed a definitive agreement to be acquired by JTB Corp., one of Japan’s leading travel solutions providers. The transaction is scheduled to close in September. JTB is a Tokyo-based travel services business that has been operating for more than 100 years. They have a very exciting growth plan focused on global expansion and extension into new lines of business including events, media, and market intelligence. Today’s news marks a pivotal moment for both companies. By joining forces with JTB, we will have an even greater platform to showcase our expertise, expand our reach and accelerate our growth. Upon completion of the transaction, Northstar will operate as a wholly-owned, independent subsidiary led by us and our existing management team. We will remain committed to continuing our position as the most trusted, independent voice of the travel industry. We will continue to execute against our mission and always stay laser focused on the value we offer to our audiences and supplier partners. We believe JTB will be a strong, strategic owner of Northstar who brings:
For more details, please see the official press release here. We look forward to this next chapter in the amazing history of our company and are excited to work with our partners in even bigger, more impactful ways to help drive your business. Thank you as always for your partnership. |
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Tags: JTB Corp., Northstar Travel Group |
