Capita Group acquires BSI for £42.5m

The Capita Group has acquired BSI for £42.5m as part of a plan to create a larger-scale business combining accommodation, events management and travel management.

BSI acquired by Capita Group
BSI acquired by Capita Group

BSI will combine with Capita Business Travel in a move that will see the agency’s managing director Trevor Elswood head up the new business.

Outsourcing company Capita Group has a £2.7bn turnover in 2009 across its divisions, and employs 36,800 staff. Its Capita Business Travel division was founded in 1973.

Travel management

Capita Group’s business director for travel and conferences James Parkhouse said: "As a result of the acquisition we will have the ability to continue to offer both leading specialist offerings in each travel area, as well as combining these into an exciting and unique travel management company proposition to the UK corporate and public sector."

BSI – which took over Olive 360 in 2007 – already works with Capita Business Travel with some mutual clients.

Confidence in the sector

Parkhouse added: "It is also extremely positive news in terms of a FTSE100 company’s significant, and continuing, investment in the travel industry illustrating great confidence in the sector."

Both agencies are on the government’s Buying Solutions framework.

Market leverage

BSI managing director Trevor Elswood said: "The acquisition will expand not only the service offering to our customers but delivers significant market leverage from additional scale which will benefit current and future customers alike.  We currently work with Capita Business Travel across a number of mutual customers to offer a seamless travel service and the strong overlap in both company cultures and values has been openly recognised by these customers, and underpins our vision for the future of fully integrated specialist services."

Collaborative approach

Elswood added the agencies would be taking a "collaborative approach from day one". The deal was completed on 22 December.

Read C&IT's analysis of the mergers and acquisitions market in the events industry.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Cancellations, postponements and deferrals: How global agencies are reacting to coronavirus

Cancellations, postponements and deferrals: How global agencies are reacting to coronavirus

As Singapore’s Changi Airport ramps up safety, and IBTM APAC gets postponed, agencies tell C&IT what they are doing to meet the challenges posed by the outbreak.

IBTM postpones IBTM Asia Pacific 2020

IBTM postpones IBTM Asia Pacific 2020

Organisers have postponed the inaugural IBTM Asia Pacific due to the Coronavirus outbreak.

MGM Resorts hires cybersecurity forensics firms to investigate data hacks

MGM Resorts hires cybersecurity forensics firms to investigate data hacks

The personal information of 10.6 million guests of MGM Resorts hotels was hacked last summer, according to reports.

4 in 10 incentive planners report budget rises

4 in 10 incentive planners report budget rises

Nearly 40% of incentive planners say budgets increased in the last year, according to the State of the Industry 2020 Incentive report.

APAC planners still 'use manual processes' for most of their tasks

APAC planners still 'use manual processes' for most of their tasks

Australian and New Zealander event planners need a more technology-driven approach, according to new research by Cvent.

DICE launched to improve diversity at conferences and events

DICE launched to improve diversity at conferences and events

New charter aims to eliminate 'manels' and offers guidelines for making events more diverse, on and off stage.

Are experiential food and drink incentives on the rise?

Are experiential food and drink incentives on the rise?

Planners reveal what food and drink experiences clients are increasingly requesting, in the C&IT State of the Industry: Incentives report.

World’s most popular destinations for business travel revealed

World’s most popular destinations for business travel revealed

New research draws on official government flight data to reveal locations most popular with UK business travellers going overseas in the last year.

Top agencies speak out amid warnings the coronavirus response came ‘too late’

Top agencies speak out amid warnings the coronavirus response came ‘too late’

With reports that another key congress may be cancelled, agencies explain how they have been taking stock.

Delta commits $1 billion to become first carbon-neutral airline

Delta commits $1 billion to become first carbon-neutral airline

The airline makes 10-year commitment to mitigate all emissions from March 2020.

LATEST JOBS