Hogg Robinson - 500 Beiträge pro Seite
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ID: 1.242.998
ID: 1.242.998
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ISIN: GB00B1CM8S45 · WKN: A0LA9P
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HRG buys eWings online business travel management platform
May 24.2017
Hogg Robinson Group is planning to acquire eWings, a web-based travel management company focused on the German market.
Terms of the acquisition have not been disclosed and it is expected to close over the course of the next 15 days.
The eWings platform allows business to search and book flights, handle check-in procedures and access negotiated fares with partner airlines.
It takes content from more than 700 airlines worldwide and also includes rail fares from German operator Deutsche Bahn.
HRG chief information officer Bill Brindle says:
“eWings provides us with a developed solution as well as some great new technology which is highly complementary to our own proprietary technology and will fit perfectly with our platform.
“In addition to being an exciting new approach to fast and easy business travel, eWings gives us a speed to market advantage in the small business space and means we can accelerate our new distribution strategy across the whole market.”
May 24.2017
Hogg Robinson Group is planning to acquire eWings, a web-based travel management company focused on the German market.
Terms of the acquisition have not been disclosed and it is expected to close over the course of the next 15 days.
The eWings platform allows business to search and book flights, handle check-in procedures and access negotiated fares with partner airlines.
It takes content from more than 700 airlines worldwide and also includes rail fares from German operator Deutsche Bahn.
HRG chief information officer Bill Brindle says:
“eWings provides us with a developed solution as well as some great new technology which is highly complementary to our own proprietary technology and will fit perfectly with our platform.
“In addition to being an exciting new approach to fast and easy business travel, eWings gives us a speed to market advantage in the small business space and means we can accelerate our new distribution strategy across the whole market.”
Antwort auf Beitrag Nr.: 55.010.178 von R-BgO am 24.05.17 16:43:50
Zahlen gab es auch,
habe mal auf Positionsgröße aufgestockt
ein weiteres kurzes Vergnügen:
Shake up in business travel as Amex GBT moves to buy HRG
Feb 9.2018
Big consolidation in the travel management space this morning as Amex Global Business Travel has agreed to buy rival Hogg Robinson Group for around £400 million.
The deal, which is subject to antitrust and other regulatory approval, is expected to close in the second quarter of 2018.
Interesting to note that Boron which owns about 24% of Hogg Robinson shares and dnata, which owns almost 22%, have both indicated they will vote in favour of the deal.
Estimates from business travel press put HRG just ahead of Amex GBT in terms of annual sales but the latter has made no secret of its billion in cash on the balance sheet putting it in a “better financial position” than traditional competitors.
Consolidation in travel management companies in recent years has been more around medium players – Portman merging with Clarity in late 2016 and CTM acquiring Chambers in 2014 – as well as big players such as HRG and FCM getting bigger
Just over two years ago, Amex GBT chairman Greg O’Hara spoke of investing in a “flurry of things all over the world” as well as technology to help it recognise and better serve its customers.
That flurry has included the acquisition of expense management specialist KDS in 2016.
HRG has also announced that it is selling its software-as-as-service company Fraedom to Visa for almost £142 million. Back in 2004 the travel management company originally acquired 58 % of payment and expense management company Spendvision, as Fraedom was then called, and then acquired the remaining 42% in 2012.
In what was seen as a slightly left field move, Fraedom was then rebranded and relaunched in 2015 as a standalone SaaS company for the unmanaged business travel market.
Amex GBT provides reasons for the acquisition citing value to shareholders, the strength of the talent of the combined companies and the “complementary geographical footprints.”
It’s hard out there in business travel at the moment with low margins and pressure from all sides. The distribution landscape is rapidly changing with new commercial terms from many large airlines, IATA NDC to contend with and startups nipping at the heels of traditional players.
Technology is therefore a big part of making the process more efficient but getting travellers to use it is a different story especially as the user-experience is so far from what they’re used to in leisure travel.
The Amex GBT statement on the deal talks about technology – the promise of growth via strengthened “capabilities, products and technology.”
It goes on to talk of combining the two “advanced travel technology and development platform” and says:
“Both GBT and Hogg Robinson invest heavily in developing technology-based solutions… The Combined Group will be focused on optimising efforts to innovate and remain on the leading edge of serving customers and travellers through technology.”
It also mentions the combined resources driving “further investment and innovation to enhance the traveller experience”.
None of this is easy as while HRG developed its proprietary technology some years back and launched its data tool Insight back in 2012, it has been quieter on the subject more recently.
Amex GBT, meanwhile had relied on third party technology in the past but more recently has talked of investment in its internal technology infrastructure.
Time will tell what the combined talent can achieve on the tech front.
In the meantime, the deal can be seen as more of a land grab with Amex GBT saying it believes “the value of the acquisition is principally in GBT’s ability to achieve a greater global presence.
Shake up in business travel as Amex GBT moves to buy HRG
Feb 9.2018
Big consolidation in the travel management space this morning as Amex Global Business Travel has agreed to buy rival Hogg Robinson Group for around £400 million.
The deal, which is subject to antitrust and other regulatory approval, is expected to close in the second quarter of 2018.
Interesting to note that Boron which owns about 24% of Hogg Robinson shares and dnata, which owns almost 22%, have both indicated they will vote in favour of the deal.
Estimates from business travel press put HRG just ahead of Amex GBT in terms of annual sales but the latter has made no secret of its billion in cash on the balance sheet putting it in a “better financial position” than traditional competitors.
Consolidation in travel management companies in recent years has been more around medium players – Portman merging with Clarity in late 2016 and CTM acquiring Chambers in 2014 – as well as big players such as HRG and FCM getting bigger
Just over two years ago, Amex GBT chairman Greg O’Hara spoke of investing in a “flurry of things all over the world” as well as technology to help it recognise and better serve its customers.
That flurry has included the acquisition of expense management specialist KDS in 2016.
HRG has also announced that it is selling its software-as-as-service company Fraedom to Visa for almost £142 million. Back in 2004 the travel management company originally acquired 58 % of payment and expense management company Spendvision, as Fraedom was then called, and then acquired the remaining 42% in 2012.
In what was seen as a slightly left field move, Fraedom was then rebranded and relaunched in 2015 as a standalone SaaS company for the unmanaged business travel market.
Amex GBT provides reasons for the acquisition citing value to shareholders, the strength of the talent of the combined companies and the “complementary geographical footprints.”
It’s hard out there in business travel at the moment with low margins and pressure from all sides. The distribution landscape is rapidly changing with new commercial terms from many large airlines, IATA NDC to contend with and startups nipping at the heels of traditional players.
Technology is therefore a big part of making the process more efficient but getting travellers to use it is a different story especially as the user-experience is so far from what they’re used to in leisure travel.
The Amex GBT statement on the deal talks about technology – the promise of growth via strengthened “capabilities, products and technology.”
It goes on to talk of combining the two “advanced travel technology and development platform” and says:
“Both GBT and Hogg Robinson invest heavily in developing technology-based solutions… The Combined Group will be focused on optimising efforts to innovate and remain on the leading edge of serving customers and travellers through technology.”
It also mentions the combined resources driving “further investment and innovation to enhance the traveller experience”.
None of this is easy as while HRG developed its proprietary technology some years back and launched its data tool Insight back in 2012, it has been quieter on the subject more recently.
Amex GBT, meanwhile had relied on third party technology in the past but more recently has talked of investment in its internal technology infrastructure.
Time will tell what the combined talent can achieve on the tech front.
In the meantime, the deal can be seen as more of a land grab with Amex GBT saying it believes “the value of the acquisition is principally in GBT’s ability to achieve a greater global presence.
Trading Spotlight
6 April 2018
Hogg Robinson Group plc
('the Company' or 'the Group')
INTENTION RE PRELIMINARY RESULTS
On 9 February 2018, the boards of Hogg Robinson Group plc and Global Business Travel Holdings Limited ('GBT Holdings') announced that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of the Company by GBT Holdings ('the Acquisition').
In the event that the Acquisition is completed in line with its anticipated timetable, the Company expects that its shares would be de-listed and their admission to trading on the Main Market of the London Stock Exchange be cancelled before the end of the second quarter of 2018.
In these circumstances, the Company does not expect to announce preliminary results for the year ended 31 March 2018 prior to its shares being de-listed. However, in the event that the Acquisition timetable is extended significantly for any reason, the Company would publish annual financial results, in compliance with its regulatory obligations, before the end of July 2018.
-Ends-
Hogg Robinson Group plc
('the Company' or 'the Group')
INTENTION RE PRELIMINARY RESULTS
On 9 February 2018, the boards of Hogg Robinson Group plc and Global Business Travel Holdings Limited ('GBT Holdings') announced that they had reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of the Company by GBT Holdings ('the Acquisition').
In the event that the Acquisition is completed in line with its anticipated timetable, the Company expects that its shares would be de-listed and their admission to trading on the Main Market of the London Stock Exchange be cancelled before the end of the second quarter of 2018.
In these circumstances, the Company does not expect to announce preliminary results for the year ended 31 March 2018 prior to its shares being de-listed. However, in the event that the Acquisition timetable is extended significantly for any reason, the Company would publish annual financial results, in compliance with its regulatory obligations, before the end of July 2018.
-Ends-
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