This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Egencia Announces Agreement To Acquire Leading Nordic Corporate Travel Company VIA Travel

PARIS, LONDON, MUNICH and BRUSSELS, March 27, 2012 /PRNewswire/ --

Egencia, an Expedia, Inc. (NASDAQ: EXPE) company, announced today that it has entered into a definitive agreement to acquire VIA Travel, the largest travel management company in the Nordics. The combined company will offer industry-leading corporate travel management solutions across the globe.

"We are very pleased to be joining forces with VIA Travel, the corporate travel leader in the Nordics.  VIA's strong commitment to delivering superior service to its customers is perfectly aligned to Egencia's client first approach," said Rob Greyber, President of Egencia.  "Together, VIA Travel and Egencia will provide a robust global corporate travel service to corporate clients, supported by global and local market expertise and industry-leading technology."  

"Our customers are our first priority. Together with VIA Travel we will provide our clients with a rich corporate travel offering and accelerate our collective pace of technology innovation," adds Christophe Peymirat, SVP EMEA & APAC at Egencia.  

"Joining one of the world's largest travel management companies is an exciting step for VIA Travel.  Egencia's global scale, technology expertise and our perfectly complementary global footprint makes the joining of our companies a great outcome for our customers and employees," said Espen Asheim, CEO of VIA Travel Group.

Founded in 1997, VIA Travel Group is the largest travel management company in the Nordic countries. In addition to its core corporate travel services, the company offers services for corporate groups and meetings, leisure travel, marine transport, and more.  

"Corporate travel is a growing part of Expedia, Inc.'s overall business," said Dara Khosrowshahi, CEO of Expedia, Inc., parent company of Egencia. "Together, VIA Travel and Egencia will provide a rich global offering to their corporate customers. We are very excited about welcoming VIA Travel to the Expedia, Inc. family and look forward to driving innovation and providing outstanding service in the corporate travel segment around the globe."

Financial terms of the agreement were not disclosed. The closing of the transaction is subject to approval from relevant competition authorities.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,730.05 +99.78 0.57%
S&P 500 2,103.47 +10.22 0.49%
NASDAQ 5,097.8180 +8.6120 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs