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.
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."
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."
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.