Flight Centre Travel snaps up Canadian company to grow presence

Company News

by Jessica Amir

The Flight Centre Travel Group (ASX:FLT) has bolstered its North America presence, acquiring a Quebec city-based travel company that makes $C100 million in total transaction value (TTV).

Australia’s largest travel retailer says the purchase strengthens its footprint in Canada’s second largest province, Quebec, where Flight Centre Travel was previously under-represented

Flight Centre Travel snapped up the company, Les Voyages Laurier du Vallon (LDV), to also leverage its local expertise, experience and linguistic capabilites

LDV has operations in 6 locations in the Quebec city, and one in Montreal.

Shares in the Flight Centre Travel Group (ASX:FLT) last traded 1.55 per cent lower $44.40.
 

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