Hogg Robinson buys Kuoni business travel operations
Wednesday 08 October 1997
The deal follows Hogg Robinson's decision to sell its transport interests for pounds 14m earlier this year to concentrate solely on the business travel market.
David Radcliffe, chief executive, said: "Hogg Robinson has already announced its determination to develop further its business travel interests on a global basis and the acquisition of a significant presence in these two key markets is an important ingredient in that process."
Hogg Robinson is now only slightly behind Amex in business travel, with 13 per cent of the market in supplying tailor-made arrangements to suit the travel needs of companies in the UK as well as financial services such as insurance. Hogg Robinson Business Travel International now numbers 6,000 clients within the UK. It is also a founder and managing partner of a worldwide partnership between organisations, Business Travel International (BTI).
The business travel market in the UK alone is estimated to be worth between pounds 5bn and pounds 7bn. It is dominated by three players - Amex, Hogg Robinson and Carlson Wagonlit.
Hogg Robinson controls travel expenditure of approximately pounds 750m. A recent acquisition of a Nordic operation, Bennett's, will allow it to develop markets in Sweden, Norway, Finland and Denmark.
The moves are part of Mr Radcliffe's corporate strategy set out when he was appointed chief executive in June. The company is aiming to use its contacts within the Business Travel International partnership to rival Amex worldwide. Kuoni will be used to develop business travel operations in Germany, Switzerland, Liechtenstein and Hungary.
- 1 Liam Gallagher brands Kanye West 'utter s**t' during BRIT Awards performance
- 2 Isis burns thousands of books and rare manuscripts from Mosul's libraries
- 3 People who sleep more than eight hours are more likely to have a stroke, research shows
- 4 Kanye West climbs on table at Nando's to crowd chants of 'Yeezus' before Brit Awards 2015 performance of 'All Day'
- 5 New theory could prove how life began and disprove God
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
Russia's roadmap for annexing eastern Ukraine 'leaked from Vladimir Putin's office'
iJobs Money & Business
£17000 - £25000 per annum: Recruitment Genius: An opportunity to join this new...
£18000 - £21000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£36000 - £44000 per annum: Recruitment Genius: Encouraging more businesses to ...