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Business agent snaps up US partner
The Travel Company has acquired US travel management firm Synergi for an undisclosed sum as consolidation in the business travel market continued apace.
The deal follows a tumultuous week in the sector which saw The Travel Company itself acquired by Dutch firm BCD Holdings, which also bought TUI’s TQ3 business travel division.
The Travel Company, which has been a shareholder of New York-based Synergi since 2001, said the brand will axed and rebranded TCC Global Network.
“Our goal ha always been to listen to our clients. They are telling us that central ownership is a fundamental requirement in the provision of the multi-national business travel solution,” said The Travel Company managing director Mike Walley.
“This network acquisition creates the ability to control operations and service levels consistently around the globe.”
Synergi president Greg O’Neil added: “Over the past 10 years I’ve seen consolidations continue to affect every major global TMC and network and our network is no different.
“Consolidation is a way of life. We have managed these scenarios with our partners in the past and still maintain a unique position in the industry.”
Report by Steve Jones
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