MCI will become the majority shareholder in Swedish PCO Stockholm Convention Bureau, also known as Stocon.
Four of the six current shareholders of Stocon – SAS, Hilton & Scandic, SJ (Swedish Rail) and the Stockholm Hotel & Restaurant Association – will sell their shares to MCI.
Stockholm International Fairs (SIF) and Stockholm City Conference Centre (CCC) will remain shareholders in the new company.
Tom Beyer of Stockholm International Fairs and Stocon chairman commented: “The meetings industry is changing and clients are looking more and more for long-term relationships and the capacity to deliver events around the world. We were therefore looking for an international partner and believe MCI is the right company to support Stocon’s clients and enhance Stockholm as a meetings destination. MCI is committed to Stockholm and the company will stay an active member of Congress Stockholm and continue to attract meetings to our city.”
The board of the new company will consist of Tom Beyer (SIF) and Jan Kristiansson (CCC), as well as Roger Tondeur and Robin Lokerman of MCI. The current management team at Stocon, lead by Bengt Klaesson, will remain responsible for all day-to-day operations and Bibba Ejeklint, who has been working for MCI from the Stocon offices since early last year, will join the team.
MCI’s 2005 business plan outlines its objective to become Europe’s leading association, communication and event management company, with offices in all major European markets, and with partnership offices around the world. MCI sees Scandinavia as an important market and already brings many international congresses to Stockholm.
Commenting on the acquisition, MCI President, Roger Tondeur declared: “I am very proud that Stocon will be joining MCI. This is a very well known company with an excellent track record in the PCO business. MCI is looking forward to working with the Stocon team and adding new competencies to the Stockholm office, including DMC and corporate event services.
“We believe this is a natural entry for MCI into the Scandinavian market and we are also honoured to have Tom Beyer and Jan Kristiansson as partners.”
MCI Stockholm managing director Bengt Klaesson added: “Our team is enthusiastic about the great opportunities this partnership with MCI provides. Our common goal is to further develop association management, corporate events and destination management, and to continue to attract major meetings and conference business to our city.”
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