The Flight Centre Travel Group (FLT) has officially added a home-based business to its portfolio after completing the acquisition of the Travel Partners business.
The purchase of the six-year-old company was finalised late last month, two months after publicly announcing the acquisition.
Buying out Travel Partners gives the group a ‘low-risk’ entry into the Australian mobile market, which is currently thriving thanks to efforts from competitors such as TravelManagers, Travel Counsellors and MTA.
As part of the acquisition, Flight Centre gained access to an existing pool of mobile travel experts, which the group believes will “strengthen FLT’s Australian business by expanding into a fast growing sector of the leisure market”.
Graham Turner, Flight Centre’s Managing Director, previously said that offering home-based services will add convenience for customers and create a new distribution channel for FLT’s manufactured products.
He also believes, the acquisition will open doors for existing FLT staff and hopefully improve staff retention.
“We look forward to working with the Travel Partners team to help grow the business and to expand in this home-based sector, which is growing rapidly globally.”
Graham Turner, Flight Centre Managing Director
What are your thoughts on the purchase?
Share this story