Save on your hotel - hotelscombined.com

[ad_1]

The business travel industry’s merger and acquisition activity in
2021, while arguably less intense than some predictions had
foretold, was nevertheless lively, particularly in the travel
management company sector. American Express Global Business Travel’s
acquisition of Egencia and TripActions’ takeover of Reed & Mackay – remarkably announced on consecutive days – were some of the
largest of the year, joining several other notable deals. A number of other trends permeated industry M&A activity in 2021. 

Rise of the SPAC
Several companies, most notably Amex GBT and Cvent,
announced their intentions to become publicly traded companies not
through initial public offerings of stock but through mergers with
special purpose acquisition companies (SPACs). These organisations are already public,
having registered with regulatory bodies like the US Securities and
Exchange Commission, and shares of the SPAC are available to buy.
Companies like Sonder, Gett, Wheels Up, HotelPlanner.com and Rocketrip
parent Mondee also announced SPAC merger plans in 2021. 

Tech companies call it a day
Continuing
a trend that notably accelerated in 2020 amid the pandemic, several
smaller venture capital-backed independent technology companies sold to
larger firms, including Pana, Lola, Roadmap, Troovo and Shep. 

TMCs beef up tech offerings
And on
a related note, several travel management companies turned to
acquisitions to bolster their technology toolboxes, including Flight
Centre’s December deal to acquire Shep and TravelPerk’s deal to acquire
NexTravel.

The following stories covering mergers, acquisitions and business launches and closures were all published
by Business Travel News, BTN Europe and The Beat in 2021. Please note that reports in The Beat
require a subscription to access. 

January 2021
Direct Travel agrees to acquire Short’s Travel Management’s corporate portfolio
Norwegian
to ground long-haul services permanently

Wheels
Up acquires Mountain Aviation

Meetingselect
acquires MICE Access

ATPCO
acquires SITA’s fare management system

TravelPerk
acquires NexTravel platform

Amex
GBT lands Ovation Travel Group

February 2021
Frosch
gets capital infusion from private equity firm EagleTree

Merger
to take Wheels Up public

March 2021
Baxter
Hoare ceases trading

ATPI
acquires German travel agency

Traveleads
acquires Omega Business Travel

Sonesta
completes acquisition of Red Lion Hotels

Vista
Global boosts US presence with Apollo Jets acquisition

Emburse
acquires Roadmap and DVI

Sonesta completes acquisition of Red Lion Hotels 
Startup M&A flurry: Coupa buys Pana; Emburse snags Roadmap and DVI
Travelhire Group acquires private hire operator
Kayak for Business launch inspired by ‘market shortcomings’

April 2021
Emerald
TMC ceases trading

HRS
acquires invoice management partner Itelya

Air
Canada drops Transat acquisition

Trams founder re-acquires assets from Sabre and plots next-gen system

May 2021
Global
Travel Management acquires Baxter Hoare assets

Amex GBT to acquire Egencia

TripActions
acquires Reed & Mackay

Good
Travel Management acquires Yorkshire’s Company Travel

Citibond
acquires Emerald TMC from administrators

Frosch
acquires Valerie Wilson Travel

Short-term
rental company Sonder to go public via SPAC

June 2021
Extended
Stay America shareholders OK take-over deal

Lufthansa
to sell AirPlus division

Aer
Lingus partner Stobart Air ceases trading

Bizzabo
buys two tech companies

Addison Lee acquires ComCab

July 2021
TravelPerk
acquires Click Travel

Kanoo
Travel ceases trading

August 2021
Serviced
apartments platform AG acquires Acomodeo

Intrado
acquires Hubb

Source: Shoflo acquisition preceded new Cvent Studio solution

September 2021
Former CTM duo launch premium TMC for SMEs
Direct Travel acquires McCord
Lola
ceases operations and touts ‘next phase’

TravelPerk
acquires sustainability consultancy Susterra

Collapsed
Jet Airways could be revived in 2022

SilverDoor
parent company acquires The Apartment Service

Cascade
agrees to acquire controlling stake in Four Seasons

Hotel
management companies Benchmark and Pyramid merge

EasyJet
rejects takeover offer

Voxel nabs v-pay automation provider Troovo

October 2021
Dutch
travel management associations explore merger

ArrangeMY
acquires events specialist Ellis Salsby

Global
Travel Management acquires assets of Flightline

Frosch
takes majority stake in Conlin Travel

Accor
and Ennismore complete joint venture deal

Alitalia
takes final flight
Lufthansa
and easyJet win backing to buy Air Berlin assets

SummitQwest
Ground to merge with ground company Hip Shuttle

Germany’s
FlixMobility buys US’s Greyhound buses

Re-emerging
Flybe appoints new CEO

Bizzabo
acquires TeeVid

Capital
One acquires Lola

November 2021
New TMC Equinox to serve music and entertainment clients

US
Bancorp to acquire TravelBank

Hyatt
completes acquisition of Apple Leisure Group

Gett
to go public on Nasdaq through SPAC

Amex
GBT completes acquisition of Egencia

December 2021
Cvent
completes SPAC deal and lists on Nasdaq

Etherio
Group acquires Meeting Expectations

Amex
GBT signs SPAC deal to go public

CTM
to acquire corporate and entertainment businesses of Helloworld

United
Airlines takes stake in ZeroAvia

IAG
drops Air Europa acquisition

National Express cements deal to buy Stagecoach
FCM parent company acquires Shep
Rocketrip parent company Mondee to go public via SPAC deal
Low-cost carrier Norse a step closer to taking off

Related: Who bought whom in 2020

[ad_2]

Source link

admin Administrator
Sorry! The Author has not filled his profile.
×
admin Administrator
Sorry! The Author has not filled his profile.
Latest Posts

Comment here