BCD Travel has taken majority ownership of the Colombian agency it has partnered with since 1999.
Colombia joins Argentina, Brazil, Chile, Costa Rica, Mexico and Peru on the list of BCD-owned markets in Latin America. The Colombian operation is keeping its current workforce and country manager, Andres Mongui.
“Ownership in Colombia made a lot of sense for us because of the outstanding work Andres has done in building a successful agency with a reputation for excellence,” said Mike Janssen, BCD’s global chief operating officer and president of the Americas region. “Our merger and acquisitions strategy prioritizes markets with significant customer transactions that also represent large growth and revenue potential. Many of our global customers invest significant travel spend in Colombia, and we project long-term growth in the country.”
Colombia’s oil and mining operations attract International companies and their travelers. It’s the fourth-largest economy in Latin America and among the region’s most populous with more than 47 million people.
The investment in Colombia is the latest in a multi-year series of expansions. BCD and its affiliate companies have taken majority or full ownership of operations in Brazil, China, Dubai, Hong Kong, the Nordics, Poland, the U.K. and the U.S.
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