BCD Acquired TBiz, Karmis Moves To Travelocity

BCD Travel has acquired Travelocity Business from Sabre, the companies announced Tuesday.

In the works since at least February, when The Beat first reported Sabre's plans and Business Travel News hinted that BCD Travel was the buyer, the deal is seen as part of Sabre's run up to a public offering.

Former Travelocity Business president Yannis Karmis will remain with Travelocity Global as president of the Travelocity Partner Network.

Travelocity Global separately Tuesday announced the sale of its Holiday Autos brand to CarTrawler.

"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.

More to come.