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Hogg and BCD split from BTI venture
Hogg Robinson and BCD Holdings have terminated their BTI joint venture in a move that could spell the end of the BTI brand.
The split follows a breakdown in discussions over how to bring the two businesses closer together.
A joint statement said talks have been ongoing since 2004 but that all options have now been exhausted.
“Despite the goodwill and determination of both companies, it has been agreed that it is in each of their best interests to pursue independent strategies,” the statement said.
BTI and Hogg Robinson chief executive David Ratcliffe said the BTI brand will continue “for the foreseeable future.”
But speculation has already begun that the brand may eventually be dropped, particularly as Hogg Robinson is unable to use the name in the US.
Ratcliffe said: “Hogg Robinson has a proven, capable and stable global network and is focused on delivering value to its clients. We have consistently said that any global network should have a single ownership in key markets. We are excited by the prospect of building on the strength and success of our existing business and developing our global network under single ownership.
“For the foreseeable future we will continue to trade under the BTI brand.”
He added that both BCD and Hogg Robinson will continue on a “business as usual basis” as long as clients require them to do so.
“The decision should have minimal impact on the relationship with them,” he said.
Report by Steve Jones
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