flight centre
1 week ago
 

Flight Centre takes stake in corp travel tech and agency 3Mundi

3Mundi has sold a 25% stake to Flight Centre – in another strategic investment for the Australia-based travel group.

Terms of the transaction have not been disclosed.

The deal follows a licensing deal between 3Mundi and Flight Centre’s corporate travel arm FCM in 2015.

The company was created in 2006 as a combination travel technology and agency business.

It has since grown, primarily in France and Switzerland, to count PriceWaterhouseCoopers as a major customer.

Flight Centre Travel Group recently took a minority stake in Bibam, a travel search brand in Argentina.

The business also bought some of the corporate travel assets of eDreams Odigeo (Travellink) in 2016.

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Kevin May

About the Writer :: Kevin May

Kevin is senior editor and a co-founder at Tnooz. He was previously editor of UK-based magazine Travolution and web editor of Media Week UK from 2003 to 2005.

He has worked in regional newspapers (Essex Enquirer) and started his career at the Police Gazette at New Scotland Yard in London. He has a degree in criminology, a postgraduate diploma in magazine journalism and publishes his first book - a biography about Depeche Mode - in 2017.

 

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