Six acquisitions in six weeks for FCM parent company
FCM Travel Solutions’ parent company, Flight Centre Travel Group, has sealed the acquisition of six travel businesses worldwide within a period of six weeks.
Since July, the Australian business has secured separate agreements to acquire corporate agencies Executive Travel Group in New Zealand and Les Voyages Laurier du Vallon in Canada, which also offers leisure and MICE services.
It has also purchased Travel Managers Group in New Zealand, Olympus Tours in Mexico, emerging Thai operator Bespoke Hospitality Management, and Travel Partners, a Sydney-based business with a network of independently contracted home-based consultants.
Brisbane-based Flight Centre Travel Group has an annual turnover of AUD$19billion.
"This is an exciting time for our parent company Flight Centre in terms of expansion and we are proud to be the corporate flagship division of such a forward-thinking progressive global travel company,” says Marcus Eklund, Global General Manager of FCM Travel Solutions.
"This is part of our overall strategy to provide unique services and experience to the traveller. Each acquisition is of significant strategic importance, whether that’s fast-tracking corporate and leisure business growth in certain markets, expanding Flight Centre’s in-destination network, or adding new distribution channels.”