The Travel Company is acquiring SYNERGI, a network of business travel organisations with representation in 45 countries.
This agreement follows announcements that BCD Holdings N.V. have taken an ownership stake in The Travel Company and signed an agreement to acquire TUI’s business travel entities.
The Travel Company has been a loyal partner and shareholder of SYNERGI since 2001.
Mike Walley, managing director of The Travel Company, comments: “Our goal has 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. This network acquisition creates the ability to control operations and service levels consistently around the globe.”
Greg O’Neil, SYNERGI president, comments, “Over the past 10 years, I’ve seen consolidations continue to affect every major global TMC and network, and our network is no exception. 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, attracting multi-national clients through innovative solutions”.
The Travel Company will completely abandon the SYNERGI brand and cease using the SYNERGI name in the market for providing or advertising travel management services. The new name going forward will be TTC Global Network.