Flight Centre Travel Group takes stake in 3mundi

Flight Centre Travel Group Takes Stake In 3mundi

Flight Centre Travel Group takes stake in 3mundi

Flight Centre Travel Group has further strengthened its corporate travel footprint in Europe.

Flight Centre Travel Group Takes Stake In 3mundi

The Australian-headquartered company, which recently acquired corporate businesses in Denmark, Finland, Germany, Norway as well as Sweden, today announced an agreement to invest in a 25 per cent share of business travel as well as technology agency, 3mundi, which has operations in France, Switzerland as well as Spain.

Flight Centre Travel Group Takes Stake In 3mundi

The investment is usually anticipated to be formally completed in July 2017.

Flight Centre Travel Group Takes Stake In 3mundi

In 2015, 3mundi became the licensee partner in France as well as Switzerland for FCTG’s flagship global corporate travel division, FCM Travel Solutions, as well as has traded under the FCM brand since 2016.

Flight Centre Travel Group Takes Stake In 3mundi

3mundi was established in 2006 by Jordy Staelen as well as Simon Renaud as a progressive agency combining high-performing technology as well as human talent to optimise business travel services.

Flight Centre Travel Group Takes Stake In 3mundi

3mundi has grown rapidly achieving annual growth per annum of 37.8 per cent between 2012 as well as 2016.

Flight Centre Travel Group Takes Stake In 3mundi

The company employs 115 staff at its offices in Paris, Geneva as well as Barcelona as well as currently ranks as one of Europe’s fastest-growing companies inside the FT 1000.

Since becoming FCM’s partner in France, 3mundi has won significant brand-new clients including PriceWaterhouseCoopers, international engineering specialist Fives Group as well as most recently CNRS (French National Centre for Scientific Research).

The latter has an annual business travel spend of €35 million.

In addition to its corporate travel businesses in France as well as Switzerland, 3mundi operates a business travel lab in Barcelona, which is usually successfully developing proprietary technology as well as tools for the travel industry.

“FCM as well as 3mundi have enjoyed an excellent partnership since 2015 as well as we are delighted to be forging an even stronger bond with our partner in France as well as Switzerland by way of This kind of investment,” said Steve Norris, corporate managing director – EMEA, Flight Centre Travel Group.

“France as well as Switzerland are important corporate travel hubs for our existing customers as well as for brand-new multi-national accounts in which we are targeting globally.

“This kind of investment will strengthen FCM’s foothold in these markets, as well as supports our strategy of expanding our equity-owned presence in Europe, which already includes the UK, Ireland, Netherlands, Sweden, Finland, Norway as well as Denmark.”

FCTG’s investment in 3mundi is usually the latest in several technology as well as e-commerce enhancements announced recently.

Flight Centre Travel Group takes stake in 3mundi

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