Merger between two travel companies set to create £100 million revenue business

LDC portfolio business TD Travel has closed a new acquisition and will be re-branding as part of the process.

TD Travel has purchased Hotelscene and will now be called Corporate Travel International (CTI) though a merger.

According to a statement, the new business will have revenues of £100 million and 150 staff across sites in cities including Leeds, Liverpool and London.

TD Travel provides personalised business travel consultancy and booking services while Hotelscene is a hotel booking agency specialising in hotel, meetings and conferences.

Mid-market private equity firm LDC, which is backed by Lloyds Bank, first became involved with TD Travel when it backed a management buy-out of the business in March 2012.

The new business will be led by CEO Ian White, with former Hotelscene CEO Chris Needham becoming CIO.

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White comments, ‘As a single entity, CTI can provide an integrated travel management service that brings together our heritage of market-leading travel and hotel booking expertise that delivers real savings to businesses operating in the UK and global markets.’

White adds that CTI will be launching a new online booking platform in the autumn.

Steve Harrison, director at LDC, says, ‘CTI now has the breadth of services and geographic spread to fully capitalise on the growing demand for cost saving and consultant-led corporate travel services.

‘The business has an experienced and motivated management team that will take it to the next stage of its exciting growth trajectory.’

Hunter Ruthven

Hunter Ruthven

Hunter was the Editor for from 2012 to 2014, before moving on to Caspian Media Ltd to be Editor of Real Business.

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