Skift Take
It's pretty clear there's a lot of consolidation going on in the travel management space, and there are no signs of that changing. With BCD's most recent investment, the company is in a good position to start planning future acquisitions in the Asia-Pacific region.
The key players in the travel management world only continue to get bigger, often relying on acquisitions of mid-size companies to expand deeper into global markets.
Now, Netherlands-based BCD Travel has taken majority ownership of Hitachi Travel Bureau, one of Japan’s top travel agencies, the company announced Monday. Meanwhile, Brisbane, Australia-based Flight Centre Travel Group has bought majority stake in 3Mundi, a corporate travel business which operates in France and Switzerland, expanding its footprint in the European market. Neither company revealed the dollar amount of the investments.
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