World Travel Management sold to Expedia
In a deal advised by BCMS, Expedia Corporate Travel (ECT) acquired London-based travel management company World Travel Management. This deal is a good example of BCMS’ long track record of selling privately owned businesses to major global acquirers.
“This confirms Expedia’s ambition to become a global corporate travel solution,” said World Travel managing director Mike Bor at the time of the transaction in 2004. “It has identified World Travel as the UK platform for those plans.”
This deal is a good example of BCMS’ long track record of transacting with major global acquirers
NASDAQ-listed, and with group revenues in excess of $12bn, Expedia is one of the world’s best-known travel groups, and the owner of leading brands including CarRentals.com, Expedia.com, HomeAway, Hotels.com, Hotwire.com, Orbitz, Travelocity, trivago and Vrbo.
While acquisition has been a key component of Expedia’s growth plans since its spin-off from Microsoft in 1999, this was only the second-ever acquisition made by Expedia Corporate Travel – now known as Egencia – in Europe.