U.K.-based business travel management goliath Hogg Robinson today announced plans to sell its non-travel-related companies in order to place renewed focus on its corporate travel management business.
By selling its benefits and consultancy services companies-Paymaster, Entegria and Claybrook-"Hogg Robinson can now focus 100 percent of its efforts in the rapidly developing corporate travel market, which has always been the largest part of our business," CEO David Radcliffe said in a statement.
Since increasing its ownership stake of U.K.-based Business Travel International to 50 percent with a December 2003 acquisition in Central Europe
(BTN, Dec. 8, 2003), the company has continued to expand its travel management operations with additional purchases around the world. "By focusing on the business travel market, we can continue to build on our existing market positions whilst looking for opportunities to broaden our service offerings in both existing and new markets," Radcliffe said.