Egencia Completes Acquisition Of Nordic Travel Management Company VIA Travel
BELLEVUE, Wash., May 3, 2012 /PRNewswire/ -- Egencia, an Expedia, Inc. (NASDAQ: EXPE) company, announced today that it completed the acquisition of VIA Travel, the largest travel management company in the Nordics. VIA Travel® is now named VIA Egencia™.
"The future of corporate travel is about innovation on a global scale. The next 10 years in our industry will be shaped by companies that combine service, scale and local market presence with innovation-driven technology solutions," said Rob Greyber, President, Egencia.
Christophe Peymirat, Senior Vice President, Egencia EMEA, APAC, added, "With the acquisition of VIA Travel, Egencia is positioned to push the boundaries of the business travel industry, and to better serve our customers today and tomorrow."
With this acquisition, Egencia® now has a presence in over 50 countries across the globe and will leverage the power of both companies to accelerate its pace of technology innovation in the years to come.
"We're extremely excited to join the Egencia family. In combining the strengths of both organizations, we're shaping what is to become one of the industry's premier travel management companies," said Espen Asheim, Senior Vice President, Egencia Nordics & Business Integration. "In this deal, everyone wins. Our employees benefit by being part of a world-class business community, and our customers benefit by gaining access to a truly unmatched selection of travel products and services."
The acquisition closed April 27, 2012. Additional terms were not disclosed.
About Egencia, an Expedia, Inc. Company
Egencia is the fifth largest travel management company in the world. As part of Expedia, Inc., the world's largest travel marketplace, Egencia helps businesses get ahead by offering the only truly integrated corporate travel service. Egencia's industry expertise helps drive results that matter, delivering meaningful advancements that have a real impact. By combining a powerful offline and online service, Egencia delivers a complete corporate travel offering supported by global market expertise and a best-in-class technology platform. For more information, go to www.egencia.com.
About Expedia, Inc.
Expedia, Inc. is the largest online travel company in the world, with an extensive brand portfolio that includes some of the world's leading online travel brands, including:
The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers the opportunity to reach a highly valuable audience of in-market travel consumers through Expedia Media Solutions. Expedia also powers bookings for some of the world's leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia® Affiliate Network. For corporate and industry news and views, visit us at www.expediainc.com or follow us on Twitter @expediainc.
Egencia and the Egencia logo are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. All other trademarks are the property of their respective owners.© 2012 Egencia, LLC. All rights reserved. CST # 2083922-50