TMC strengthens position in Central Europe
BCD Travel, one of the world's largest travel management companies, has bought a stake in its Austrian partner, TUI Reisecenter.
The company, ranked in the top five in the central European country, already operates as BCD Travel with annual sales of €18m.
Dr Klaus Pümpel, TUI Austria Holding's ceo, said: "In today's global marketplace, we appreciate the value of further aligning ourselves with a company that understands the importance combining global reach and purchasing power with local expertise and flexibility for its customers."
Ilona De March, BCD's president for EMEA, said: "This move sends a strong signal to theEuropean and international markets that as a global player in the corporate travel managementindustry, BCD Travel is committed to being where our customers need us to be, with ownedpresence in key markets."
BCD Travel operates in more than 90 countries on six continents, with $14bn in total sales and a combined worldwide work force of more than 13,000.
www.bcdtravel.com