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Tzell/Travel Leaders Acquires NexionAugust 31, 2010 By: George Dooley
Nexion, the host agency, has been acquired by Tzell, part of the Travel Leaders Group, from Sabre Holdings. Nexion will operate under the Tzell Travel umbrella. Reporting directly to CEO Barry Liben, Jackie Friedman will continue as Nexion’s president. Completed today, Travel Leaders said transaction’s details will not be disclosed.
“Not only will this acquisition enable us to further expand what we offer agencies under our umbrella, but the addition of Nexion strengthens our portfolio and increases our overall travel volume by more than $200 million annually” Liben said. “In turn, as a company whose heart and soul are in the travel agency business, we’ll provide Nexion and their agents access to a multitude of products, services and expertise to help them accelerate their success.”
Sabre Holdings had owned Nexion since October 2003 and, during that time, the business more than tripled in size and continued to add beneficial new programs and services for its agents.
Tzell’s acquisition of Nexion will enable both companies to continue to focus on their core business. Sabre and Tzell recently signed a long-term agreement and will maintain their close working relationship. Nexion will join Tzell in upgrading to the Sabre Red Workspace.