FLIGHT Centre Travel Group has finalised its acquisition of California-based TMC Casto Travel (TD breaking news 21 Dec 2018).
The Silicon Valley corporate agency has offices in Tiburon, San Jose and San Francisco with annual TTV of about US$120m.
“Casto strengthens our overall US operation, which includes the highly successful and rapidly growing corporate travel business, along with our on and offline leisure businesses and wholesaler GOGO,” said FCTG MD Graham Turner.
“This will give us greater scale in Silicon Valley and the large West Coast market, where we previously had a relatively small corporate travel presence, while also complementing our larger operations on the East Coast and in other key locations,” he said.
Turner said Casto also had solid growth prospects as part of the FCM Travel Solutions network.
Source: traveldaily