20 October 2011
TSI UK, Statesman Travel Group recently announced that it has acquired rival TMC, Commodore International Travel.
The enlarged group will become a ‘top 10’ UK travel management company in terms of transactional volume, with revenues of circa £100 million and a staff of 150 people. London remains the major centre for the business, supported by its regional office in Manchester.
The Business Growth Fund, which has been established to invest in Britain’s fast growing smaller and medium sized businesses, has supported this acquisition. It will take a minority stake in Statesman and will sit on the board alongside the current management team, led by Mervyn Williamson and Jon Langley.
TSI UK is known for its high levels of service and for seeking out and applying innovative solutions to set the industry standard in delivery. In tough market conditions, TSI UK has increased sales by well over 50% since its acquisition in July 2007. This has been achieved through working in close partnership with its blue chip customer base, which includes strong representation from the financial services, professional services, property and media sectors.
Mervyn Williamson, Joint Managing Director of TSI UK and Advisory Board Director of TSI, commented: “We are committed to ensuring continuity and will be harnessing the benefits of the enlarged group for our clients. Customer service remains absolutely key to what we do.”
