AlliedTPro & New World Travel Form a Strategic Joint Venture

AlliedTPro (Horizon Travel Services) & New World Travel form a 50:50 strategic joint venture named Allied New World to be a center of excellence providing key shared services to both companies. The joint venture will enhance growth opportunities for both companies by combining scale & leveraging technology to improve productivity & reduce the cost of operation.

Allied New World, headquartered in New York, will combine the strengths of both companies across key functions including contracting, technology, IT, finance, human resources & data management. AlliedTPro (Horizon Travel Services) & New World Travel will remain separate legal operating entities and both companies will continue to market under their respective brands. Mark Morello, CEO, AlliedTPro (Horizon Travel Services LLC) said, “I am delighted to announce the formation of Allied New World - representing our strong partnership with New World Travel/DER Touristik Group. We believe Allied New World LLC represents an innovative business model that will significantly help accelerate future growth. Our decision to collaborate - as equally strong and highly reputed industry leaders, will improve productivity, reduce cost of operations & help both groups deliver enhanced value to customers, supplier partners & shareholders.” Peter Dorner, CEO New World Travel, said, “As a customer-centric and innovation driven company, we are excited about the new Joint Venture with our strong partner AlliedTPro/Horizon Travel Services LLC. Allied New World will allow us to share and enhance key services for both companies – profiting from smart processes, advanced technology and synergies. We strongly believe that our new cooperation will strengthen our future growth – to the benefit of employees, partners and customers.”