Flight Centre Travel Group acquires Opodo Corporate
Flight Centre Travel Group has announced plans to expand its business travel foothold in Germany, following the acquisition of Opodo Corporate from eDreams.
Opodo Corporate will operate as FCTG Corporate until the end of this year and transition to Flight Centre’s travel management brand, FCM, from January 2018.
FCM has had a presence in Germany since 2006 through its partnership with business travel unit DER Touristik, which has traded under its brand for over ten years.
However, this partnership will come to an end once the deal is completed.
Christoph Führer, managing director of the business travel unit of DER Touristik, said: “The close collaboration with FCM and the network has been a valuable asset for us in order to service our national and international clients.
“We would like to thank our FCM partners for the professional and fruitful collaboration.”
Financial details of the transaction were not disclosed.
Steve Norris, corporate managing director, FCTG, said: “As the flagship corporate travel division of Flight Centre Travel Group, FCM operates in more than 90 countries in Europe, Middle East, Africa, Asia and the Americas.
“We wanted to strengthen our equity-owned business travel presence in Northern Europe, so embarked on an acquisition strategy last year concluding an agreement with eDreams ODIGEO to acquire Travellink Corporate in several markets.
“This included Opodo Corporate in Germany.”