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Arapahoe County, Colo.-Based Travel Company Will Buy Rival for $45 Million.

The Denver Post (Denver, CO)

| June 08, 2001 | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Greg Griffin

Jun. 8--In its latest and biggest deal, Navigant International Inc. will buy rival SatoTravel for $45 million to create the nation's No. 2 provider of travel services, the companies said Thursday.

The cash-and-stock acquisition combines Arapahoe County-based Navigant's customer base of midsize companies with Sato's clientele of government organizations and large companies, officials and analysts said.

"It's a good fit for us," said Navigant chairman and chief executive Edward Adams. "They've got large call centers and large company-account capability, while Navigant typically focuses on the middle-market customer. Now we've…

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