BCD Travel, a global corporate travel management company, yesterday acquired Travelocity Business.
Industry insiders view the move as Travelocity parent Sabre preparing for an IPO that will take the company public.
he deal is seen as part of Sabre’s run up to a public offering. Travelocity Business is part of Sabre’s Travelocity Global, which separately Tuesday announced the sale of its Holiday Autos brand to CarTrawler. Former Travelocity Business President Yannis Karmis – See more at: http://www.businesstravelnews.com/Business-Travel-Agencies/Sabre-is-selling-Travelocity-Business-to-BCD-Travel/?ib=Travel%20Mgt%20Companies&a=proc#sthash.Eg2O9Y0X.dpuf
he deal is seen as part of Sabre’s run up to a public offering. Travelocity Business is part of Sabre’s Travelocity Global, which separately Tuesday announced the sale of its Holiday Autos brand to CarTrawler. Former Travelocity Business President Yannis Karmis – See more at: http://www.businesstravelnews.com/Business-Travel-Agencies/Sabre-is-selling-Travelocity-Business-to-BCD-Travel/?ib=Travel%20Mgt%20Companies&a=proc#sthash.Eg2O9Y0X.dpuf
"TBiz," which was launched by Travelocity in 2003, ranks among the 10 largest travel agencies in North America.
BCD Travel plans to continue to service TBiz clients under the TBiz brand.
"We’re a growth-oriented company and see this move as a smart, strategic acquisition," said Mike Janssen, president of BCD Travel’s Americas region.
Travelocity Business president Yannis Karmis will now serve as president of Travelocity Partner Network.
BCD Travel had $21.2 billion in sales in 2012. It’s part of BCD Holdings N.V., a privately held Dutch company founded in 1975 that also owns CheapTickets, BudgetAir, Park ‘N Fly, and TRX.
By Cheryl Rosen
