Summary
Hogg Robinson Group was a business active in the insurance and latterly the corporate travel management sectors. It was acquired by American Express Global Business Travel in July 2018.
 | |
| Industry | Corporate travel management |
|---|---|
| Founded | 1845 |
| Founder | Francis Hogg Augustus Robinson |
| Defunct | 19 July 2018 |
| Fate | Acquired by American Express Global Business Travel |
| Headquarters | Basingstoke, United Kingdom |
History edit
Hogg Robinson Group was established in 1845, by brothers in law Francis Hogg, a young wine merchant, and Augustus Robinson, an insurance broker.
The partnership developed mercantile and insurance interests from offices in Birchin Lane in the City of London. Its travel business was established after World War II. By 1984, it was one of the four largest travel agency operators in the United Kingdom, and included the chains Wakefield Fortune and Blue Star, as well as the shops of Hogg Robinson.[1]
In June 1993, the retail division was sold to Airtours (later MyTravel Group). Airtours merged it with Pickfords Travel, acquired by Airtours from Pickfords in September 1992, to form Going Places (later Thomas Cook Group).[2] In 1997, new chairman Neville Bain led the sale of Hogg Robinson's transport division and the acquisition of two business travel operations. In June 1998, it acquired 51% of Rider Travel of Canada.[3]
In June 2000, chief executive David Radcliffe led a £232 million management buyout funded by Schroder Ventures (now Permira).[4] Hogg Robinson divested of various of its insurance broking businesses in 2001.[5]
In October 2006, the company expanded in Halifax, Nova Scotia.[6] In April 2007, the company expanded its office space in Charlotte, North Carolina.[7] In March 2012, the company acquired Spendvision.[8] In February 2015, it was rebranded as Fraedom.[9]
In May 2017, the company acquired eWings.com, a travel management company for small to medium sized companies.[10][11] In February 2018, the company sold Fraedom to Visa Inc. for $195 million.[12] On July 19, 2018, American Express Global Business Travel acquired the company for approximately £400 million.[13][14]
The Hogg Robinson name remains in active use in Nigeria, where the 1974 establishment of Hogg Robinson Nigeria Limited is now operating independently of the former UK parent and continues as an insurance broker.[15]
References edit
- ^ Tomlinson, Alan, ed. (2006). Consumption, Identity and Style: Marketing, Meanings, and the Packaging of Pleasure. Routledge. p. 142. ISBN 9781134982493.
- ^ "Travel Departures: Pickfords change". The Independent. 1 January 1994.
- ^ Larsen, Peter Thal (24 June 1998). "Hogg Robinson shaken up". The Independent.
- ^ "David Radcliffe: Change is 'relentless and ugly', but it's steady as she goes in corporate travel". The Independent. 26 September 2004.
- ^ "Towergate acquires Hogg Robinson firms". Insurance Times. 7 June 2001. Retrieved 10 November 2022.
- ^ "Hogg Robinson to expand operations in Halifax". The Globe and Mail. 20 October 2006.
- ^ "HRG triples local office space". American City Business Journals. 4 April 2007.
- ^ Media, Insider. "Hogg Robinson seeks control of Spendvision | South East Deals News". Insider Media Ltd. Retrieved 9 March 2023.
- ^ "HRG creates Fraedom, Seekda launches platform, Epteca unveils ancillary platform, and more..." Phocuswire. 27 February 2015.
- ^ May, Kevin (24 May 2017). "HRG buys eWings online business travel management platform". Phocuswire.
- ^ Davies, Phil (24 May 2017). "HRG acquires 'digital innovator' eWings.com". Travolution.
- ^ "Visa Acquires Fraedom to Expand Its Global Commercial Offerings" (Press release). Business Wire. 9 February 2018.
- ^ "American Express Global Business Travel Completes Acquisition of Hogg Robinson Group" (Press release). American Express Global Business Travel. 19 July 2018.
- ^ May, Kevin (9 February 2018). "Amex GBT buys Hogg Robinson, tech integration at heart of £400M deal". Phocuswire.
- ^ "Who we are". Hogg Robinson Nigeria Limited.