Press Release: Navigant International
July 9, 2002
DENVER, CO -- Navigant International (Nasdaq: FLYR), the second largest provider of corporate travel management
services in the United States, announced yesterday it has acquired Transcap Voyages, a Paris-based travel agency
founded in 1963. Transcap Voyages offers corporate travel management, online travel bookings and leisure travel
services to their corporate customers. Terms of the transaction were not disclosed.
"Our acquisition of Transcap Voyages aligns with our strategy of blending Navigant International's global
network with customized, local services," said Thom Nulty, president and chief operating officer of Navigant
International.
Jean-Luc Feery, director general of Transcap Voyages, will report to Richard Furness, Managing Director of Navigant
International UK Ltd in London. In the next few months, Transcap Voyages will change its name to Navigant International
France.
"Transcap Voyages is known for its exceptional service levels and tenure in corporate travel," said Furness.
"We have been successfully working with them as partners for the last two years which should make the transition
into Navigant seamless."
"We are delighted to join Navigant International and serve as a platform for their expansion into Europe,"
said Feery.
Some of Transcap Voyages' customers are Fortune 1000 companies.
About Navigant International
Denver-based Navigant International is the second largest travel management business services provider in the United
States with more than 13,000 corporate, government, military, leisure, and meetings and incentive clients. The
Company's "bricks and clicks" end-to-end travel solutions include corporate travel pattern analysis and
ReportFLYR(TM) 2.0 (RF2) powered reporting tools; travel policy development; consulting on cost saving opportunities;
airline ticket, hotel and car rental reservations; meeting and convention planning; and leisure travel products.
With more than $4 billion in annual gross airline ticket sales, the Company currently employs more than 5,000 Associates
in 1,500 offices and on-site travel operations throughout the United States, in various U.S. territories and in
10 foreign countries. Navigant's shares are traded on the NASDAQ National Market under the ticker symbol "FLYR."
For more information, visit www.navigant.com
This news release contains forward-looking statements, including statements about Navigant International's growth
strategies and opportunities, and general industry or business trends or events. Investors are cautioned that any
such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual
events or results may differ materially from those discussed in the forward-looking statements as a result of various
factors, including, without limitation, general economic conditions, and risks related to integration of operations
and acquisitions, and the risk factors described in Navigant International's report on Form 8-K, dated January
21, 1999, and the risk factors detailed from time to time in Navigant International's SEC reports, including the
reports on Forms 10-K and 10-Q. The forward-looking statements made herein are only as of the date of this press
release, and Navigant International undertakes no obligation to publicly update such forward-looking statements
to reflect subsequent events or circumstances.
SOURCE: Navigant International