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BCD Travel takes stake in Australian partner
Travel management company BCD Travel has taken a majority stake in its Australian network partner, International Express.
This is yet another step towards increasing BCD Travel’s strategic ownership position in the Asia Pacific region.
International Express, which formerly traded as Sydney Express, Brisbane Express and Melbourne Express, was re-branded as BCD Travel in Australia earlier this year.
Mike Buckman, CEO of BCD Travel, said: “BCD Travel is committed to being where our clients need us to be, and our strategy is to continue to invest in strategic markets aligned with our key clients’ travel programmes.
“This investment in our Australian operation demonstrates our emphasis on strengthening our proposition locally in the Australian marketplace, regionally in the Asia Pacific region and globally for our major multinational clients.
“Synergies in our shared vision for the future of travel management will ensure that clients continue to receive superior quality service and unrivalled value from their managed travel programmes.”
David Sumich, managing director of International Express, said: “Continuing what we have already begun by re-branding to BCD Travel, this acquisition will further enable us to enhance our service offering in Australia to our existing clients and demonstrate stronger value to potential new business.
“Strengthening the ties from a strategic partner to an ownership position will enable us to integrate further into the global travel management arena and apply those principles and processes to our local business. The move will also bring added benefits in terms of supplier leverage, staff development, technology application and growth.”
As part of their ownership position, BCD Travel will be implementing a multi-national service centre in Brisbane to offer seamless service to clients.
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