ZEIST, The Netherlands – BCD Holdings N.V. announced today the merger of CheapTickets, Vliegwinkel, Flugladen, BudgetAir, and Vayama. Together with investors ING Corporate Investments, Bluefield Investments, and the owners of Beins Travel Group (CheapTickets), BCD Holdings unites these online travel companies, forming a new Internet travel organization with global reach.
CheapTickets and Vliegwinkel are industry leaders in the Netherlands and Germany. Vayama has also quickly matured on the American online travel market. CEO BCD, Joop Drechsel said: “The merger of these companies results in one strong and international online travel company. Our common goal is to strengthen our current representation in the various countries, as well as expanding our activities in the remaining parts of Europe and in Asia.”
Online travel agent BudgetAir recently expanded its activities in Belgium, France, and England, and Vayama was successfully launched in Canada, England, Thailand, Hong Kong, and Singapore. “Each of these companies has continuously pushed the boundaries and they complement each other in many ways,” said Raymond Vrijenhoek, CEO Beins Travel Group.
The new organization, led by the existing management and including offices in the Netherlands, Germany, the USA, and India, is active in more than 15 countries, with approximately 350 employees and an annual total revenue of over US$750 million.