JTB to acquire Northstar

Tokyo, 28th August: JTB Corp., a leading travel solutions providers in Japan, announced to acquire Northstar Travel Group, a leading B2B travel industry events, media and information services company, from investments funds managed by EagleTree Capital and its co-investors. Terms of the transaction were not disclosed.

After the acquisition, JTB’s business development will focus on the followings: 1) Expanding Northstar’s established brand presence into new regions and business domains; 2) Enhancing digital product offerings through AI and advanced data utilization; and 3) Strengthening customer services and solutions across the entire JTB by leveraging Northstar’s global network and advanced marketing capabilities. In addition, JTB will operate Northstar as an independent, wholly owned subsidiary, and will continue to be led by its existing management team.

Northstar’s Chief Executive Officer Jason Young, said, “We are thrilled to partner with JTB as we enter the next phase of our company’s incredible history. Our shared commitment to the travel industry, cultural alignment, and collective expertise – combined with the opportunity to accelerate Northstar’s geographic expansion in the Asia Pacific region – will enhance our ability to deliver value to our audiences and customers as we advance our mission.”