Egencia Acquires Leading Australian Travel Management Company
By Egencia, PRNEMonday, April 4, 2011
Acquisition of Travelforce Extends Egencia's Service Offering and Global Footprint
PARIS and LONDON and MUNICH and BRUSSELS and SYDNEY, April 5, 2011 - Egencia(R), an Expedia, Inc. company, announced today that it has
completed its acquisition of Travelforce, a leading Australian and New
Zealand travel management company.
With more than 30 years of experience in the Australian market,
Travelforce has a history of combining superior service and leading
technology. Aligning with Egencia's own core principles and brand,
Travelforce will add a comprehensive service; helping clients reduce business
costs, improve travel processes and maintain traveller safety and security.
The Travelforce acquisition will bring a number of other key benefits to
the Egencia network, including:
- Expanded Australia/New Zealand presence: with the addition of
Travelforce offices and centres in Sydney, Melbourne and Brisbane in
Australia and Auckland and Wellington in New Zealand
- The enhancement of the existing Egencia Australia team: with additional
experienced corporate travel professionals
- Increased customer benefits: with leading local customer service
expertise and technology.
- The expansion of Egencia Australia's existing product portfolio: with
Travelforce's expertise in meetings and incentives and high-end leisure
travel
"After years as partners, we are proud and excited to welcome Travelforce
as a close member of the Egencia family. Travelforce has an unparalleled
reputation in the industry, and the combination of our talented teams will
bring an even stronger offering and service to Australian and New Zealand
companies and their travellers," said Egencia Asia Pacific Managing Director
Cecilia Routledge. "This acquisition is proof of Egencia's commitment to
expansion in the Asia Pacific region and leadership around the world. Going
forward, we will combine the power of Egencia and Travelforce into one strong
brand, leveraging the talent and assets of each company."
"We couldn't be happier to be joining the Egencia family. Egencia will
enable Travelforce to offer clients leading online booking and reporting
tools as well as global corporate travel support," said Andrew Ross, Chairman
and founder of Travelforce. "This will complement Travelforce's already
outstanding team, strong travel management, meetings and leisure offerings
and will enable us to take our client services to the next level."
The majority of the current Travelforce management team will join the
Egencia Australia management team, in the new combined business called
Travelforce, an Egencia Company. Ken Pfaffmann will take on the role of
Managing Director.
"It's a tremendous privilege to lead a company like Egencia," said
Pfaffman. "At a time when we see greater focus on the Asia Pacific region,
Egencia has the ability to help Australian companies drive greater cost
savings, improved policy control and better traveller experiences."
Egencia Worldwide, now with Travelforce, is focused on several key
initiatives over the next few years including geographic expansion and
continued innovation, with a particular focus on mobile in 2011.
The transaction closed on April 4, 2011. Detailed terms of the
acquisition have not been disclosed.
About Egencia, an Expedia, Inc. Company
Egencia is the fifth largest travel management company in the
world and has been present in Sydney, Australia since 2008. As part of
Expedia, Inc., (NASDAQ: EXPE), the world's largest travel marketplace,
Egencia helps businesses get ahead by offering the only truly integrated
corporate travel service. Egencia's industry expertise helps drive results
that matter, delivering meaningful advancements that have a real impact. By
combining a powerful offline and online service, Egencia delivers a complete
corporate travel offering supported by global market expertise and a
best-in-class technology platform.
For more information, go to www.egencia.com.au
Egencia and the Egencia logo are either registered trademarks
or trademarks of Expedia, Inc. in the U.S. and/or other countries. Other
logos or product and company names mentioned herein may be the property of
their respective owners.(c) 2011 Egencia, LLC. All rights reserved. CST #
2083922-50
About Expedia, Inc.
Expedia, Inc. is the largest online travel company in the world with a
brand portfolio that includes more than 90 localized Expedia.com- and
Hotels.com-branded sites; leading U.S. discount travel site Hotwire(R);
leading agency hotel company Venere.com(TM); Egencia(R), the world's fifth
largest corporate travel management company; the world's largest travel
community TripAdvisor(R) Media Network; destination activities provider
ExpediaLocalExpert(R); luxury travel specialist Classic Vacations(R); and
China's second largest booking site eLong(TM). The company delivers consumers
value in leisure and business travel, drives incremental demand and direct
bookings to travel suppliers, and provides advertisers vast opportunity to
reach the most valuable audience of in-market travel consumers anywhere
through TripAdvisor and Expedia Media Solutions. Expedia also powers bookings
for some of the world's leading airlines and hotels, top consumer brands,
high traffic websites, and thousands of active affiliates through Expedia(R)
Affiliate Network. (NASDAQ: EXPE)
Press contact, R. Boissicat, EU Egencia Corporate Communications Manager, +33-6-12-56-32-26, r.boissicat at egencia.com
Tags: April 5, Australia/Oceania, belgium, Egencia, France, Germany, Paris And London And Munich And Brussels And Sydney, United Kingdom