BCD Travel increases stake in U.S. affiliate Acendas Travel
ATLANTA, Sept. 7, 2017 – Global corporate travel management company BCD Travel has increased its ownership interest in Acendas Travel. Co-headquartered in Mission, Kan., and Eden Prairie, Minn., Acendas is a part of the BCD Travel Affiliates, a network of 30 corporate travel agencies with more than 450 locations.
“Partnerships and smart investments in companies like Acendas, not only fuel business growth but also allow us to continue providing exceptional products and services to our clients,” said Mike Janssen, BCD’s president of the Americas region.
The decision to take a greater ownership stake in the company came with the impending retirement of one of Acendas’ owners, Gary D. Davis. Acendas will continue to operate as a BCD affiliate under its current name.
“BCD Travel has been a trusted partner of ours for over 14 years,” said Acendas co-owner Brent Blake. “We use [BCD’s] technologies within our operations. We utilize their global platform to service several of our clients in other countries and we seek their advice on industry issues in determining our long-term strategies.”
BCD’s investment in Acendas is the latest move in the TMC’s aggressive expansion plans. Other acquisitions have included full ownership in Nordic travel agency Ticket Biz, majority stakes in Hong Kong and China, acquisition of U.K.-based international events agency Zibrant, marketing logistics agency Plan 365 Life Sciences, mobile technology company GetGoing, Knoxville, Tenn.-based World Travel Services, Dubai ownership stake and Brazil ownership. Acendas has been expanding as well with four acquisitions in Minnesota since 2010.
About BCD Travel
BCD Travel helps companies make the most of what they spend on travel. We give travelers innovative tools that keep them safe and productive, and help them make good choices on the road. We partner with travel and procurement leaders to simplify the complexities of business travel, drive savings and satisfaction, and move whole companies toward their goals. In short, we help our clients travel smart and achieve more. We make this happen in 109 countries with almost 14,900 creative, committed and experienced people. And it’s how we maintain the industry’s most consistent client retention rate, with 2019 sales of US$27.5 billion. For more information, visit www.bcdtravel.com.
About BCD Group
BCD Group is a market leader in the travel industry. The privately-owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management and its subsidiary BCD Meetings & Events, global meetings and events agency), Park ‘N Fly (off-airport parking) and Airtrade (consolidation and fulfillment). BCD Group employs over 15,900 people and operates in 109 countries with total sales of US$30 billion in 2019, including US$10.9 billion partner sales. For more information, visit www.bcdgroup.com.