In the works since at
least February, when
The Beat first
reported Sabre's plans and
BTN hinted
that BCD Travel was the buyer, the deal is seen as part of Sabre's
run up to a public offering. Travelocity Business is part of Sabre's
Travelocity Global, which separately Tuesday announced the sale of its
Holiday Autos brand to CarTrawler. Former Travelocity Business President Yannis
Karmis will remain with Travelocity Global as president of
the Travelocity Partner Network. "Among other benefits, BCD
Travel plans to offer TBiz clients access to its global network
and expertise in global program consolidation, business analytics
and consulting and meetings services through Advito and BCD
M&I," according to a joint statement.