etc.venues County Hall, London, 20 February, 2024
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19 - 20 June, ExCeL London
The post-Covid spree of mergers and acquisitions across the corporate travel landscape continued apace in 2023, including plenty of activity by TMCs, as well as in the aviation, technology and events sectors.
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One of the biggest deals came in August when Clarity Business Travel snapped up fellow UK travel management company Agiito from Capita plc in a deal worth £36.5 million. Gray Dawes was also busy last year as it made acquisitions in both the US and Australia to strengthen its global expansion ambitions. Meanwhile ATPI Group made the headlines in December by purchasing Italian specialist motorsport travel agency FAST.
Aviation continues to see plenty of consolidation as well, with Lufthansa Group agreeing a deal in May with the Italian government to purchase new national carrier ITA Airways and IAG reviving its long-running plans to buy Spain’s Air Europa. Meanwhile in the US, Alaska Airlines has agreed to acquire Hawaiian Airlines in a deal valued at $1.9 billion.
Technology is another sector which saw plenty of deals during 2023. These included Travelport buying Deem, provider of the Etta online booking tool, and Snowfall bolstering its Junction One booking platform by snapping up trip planning app AmigoGo. Last year also saw events tech specialist Cvent make a swift return to private ownership after being acquired by private equity giant Blackstone.
The following stories covering mergers, acquisitions and business launches were all published by Business Travel News and BTN Europe during 2023.
JanuaryGray Dawes acquires Australian TMC to start global expansion
FebruaryUS meetings space provider Convene acquires etc.venuesMondee Acquires Brazilian Travel Co. OrinterIAG Agrees to Fully Acquire Air Europa
MarchTravelport acquires travel tech platform DeemCvent sold to Blackstone in $4.6 billion dealMarietton Développement acquires remaining stake in Bleu VoyagesAprilNavan acquires India-based travel & expense management companyGray Dawes cements US presence with agency acquisitionInteleTravel Acquires Hickory Global PartnersMayLufthansa agrees deal to acquire ITA Airways
JuneWayte buys Quintessentially Corporate Travel ManagementWings Acquires Tech Provider for New Cyprus Tech HQ
JulyCMAC Group acquires Netherlands-based companyOAG acquires air data provider InfareNorwegian acquires local airline rival Wideroe
AugustClarity steps in to acquire Agiito from Capita plcSnowfall acquires trip planning app AmigoGo
SeptemberCDS Groupe acquires Germany’s Corporate Rates ClubGood Travel Management acquires Wexas TMC
OctoberTAG buys Australian conference and incentive specialistArrangeMY acquires venue-finding specialistI Squared to acquire Arriva from Deutsche Bahn
NovemberNUMA acquires YAYSVictor acquired by Abu Dhabi-based investment firm
DecemberAlaska Airlines to buy Hawaiian Airlines in $1.9bn dealATPI Group acquires motorsport travel agencyATPCO Acquires Data Intelligence Platform 3Victors
Related: Who bought whom in 2022