Also visit: mashmedia.net | c-mw.net | exhibitionnews.co.uk | exhibitionworld.co.uk
Search

Capita buys Expotel and Venues Event Management for a reported £16m

Share
article:
Share on LinkedIn Email Print View
Trevor Elswood Business Process Outsourcing company, Capita, has acquired the business travel and conference booking agency Expotel Group, including its venue sourcing agency, Venues Event Management, for £16m on a cash-free, debt-free basis.
 
These two companies will join Capita’s existing UK event and meetings management and supplier companies Booking Services International (BSI) and Capita Business Travel.
 
The MD of Capita’s travel business, Trevor Elswood, says the combining of Expotel, BSI and Capita Business Travel will create an “influential player in the travel and meetings sectors to deliver innovative, class-leading solutions in technology and quality service to a broad range of customers”.
 
Expotel’s current clients include National Grid, Virgin Media and the Scottish Government. Expotel made s pro forma operating profit for its financial year to 31 October 2011 of £3.2m on a turnover of £16.3m.

"This is great news for current and future customers of Expotel, BSI and Capita Business Travel who will gain significant benefits in service and choice as we align these leading providers. We have significant scale and expertise covering rail, air and accommodation along with, now, extensive experience in venue and event management which positions the business to take advantage of the fast growing meetings market.
 
“The acquisition is also consistent with our strategy of bringing together the industry’s best specialists to create a unique UK travel management proposition in addition to offering leading specialist services in each individual area,” he adds.
 
The combined company will employ nearly 900 staff in 10 locations.
 
With 46,500 people at more than 350 sites, including 68 business centres across Europe and India, the Group posted a 2011 turnover of £2.9bn and profit before tax of £385m.
 
Any conference-related news? Email: sarah@mashmedia.net

31 Aug 12

LHVA and Leeds Beckett University launch mentoring scheme
Leeds Hotels and Venues Association (LHVA) has partnered with the School of Events, Tourism and Hospitality at Leeds Beckett University to develop a Mentoring Programme.... ...read more
Sundial Group highly commended for service excellence
Northamptonshire-based conference venue specialist Sundial Group has been Highly Commended for Service Excellence at the 2014 Midlands Family Business... ...read more
QHotels acquires six former De Vere Hotels and Luxury Lodges
Hotel chain QHotels has expanded its portfolio to 27 hotels with the addition of six former De Vere Hotels and De Vere Luxury Lodges.... ...read more
New luxury hotel meetings space in London, East and West
The new InterContinental London - The O2, when it opens late next year, will be a luxury, 453-bedroom, 18-storey hotel and contain a conference centre on its Greenwich... ...read more
Xing Events connecting the dots
Technology provider Xing Events says its Xing social network is rivaling that of LinkedIn in destinations including Germany, Austria and... ...read more

News Archive
Partners & Associations
I.C.C.A
Conference Centres of Excellence
Meetings Industry Association
VENUEmasters
International Confex
Conference and Meetings World
Conference News - Online
Conference News Supplement - Online
Mash Media
Home | News | Features | Blogs | Events Diary | Recruitment | Directory | Subscribe | Print Magazines | Contact Us
© 2008 - 2014 Mash Media Group