B2B information. Northstar Travel Group, of the US, has acquired the nine-year-old UK-based Tnooz (“talking travel technology”) as part of a plan to develop its Phocuswright media. Tnooz will be merged with PhocusWire. Transaction terms not disclosed. Northstar is a B2B information and events company in travel, meetings and hospitality. It claims more than 1.4m monthly uniques through brands including Travel Weekly in the US, Asia and China, Business Travel News, and MeetingNews. It also operates the Burba Hotel Network of 25,000 hotel industry leaders in over 140 countries. Northstar, which is owned by EagleTree Capital, is believed to have had 2016 revenues of $80m with a 24% EBITDA profit margin. The company is independent of the UK’s fast-growing Jacobs Media Group (JMG) which publishes Travel Weekly in the UK and across Europe, as well as The Caterer, Aspire, Connecting Travel, the Cateys and the Globe Travel Awards. The privately-owned JMG now generates almost half of its revenue from events, with its fastest growth outside the UK.
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Northstar Travel buys Tnooz
