Flight Centre Travel Group (FCTG) has strengthened its corporate travel footprint in Europe after agreeing to invest 25 per cent in business travel and technology agency 3mundi.
The investment with 3mundi, which has operations in France, Switzerland and Spain, is expected to be completed in July 2017.
In 2015, 3Mundi became the licensee partner in France and Switzerland for FCTG’s flagship global corporate travel division, FCM Travel Solutions, and has traded under the FCM brand since 2016.
It was established in 2006 by Jordy Staelen and Simon Renaud as an agency combining high-performing technology and human talent to optimise business travel services. 3mundi achieved annual growth per annum of 37.8 per cent between 2012 and 2016. The company employs 115 staff at its offices in Paris, Geneva and Barcelona.
“FCM and 3mundi have enjoyed an excellent partnership since 2015 and we are delighted to be forging an even stronger bond with our partner in France and Switzerland by way of this investment,” said Steve Norris, corporate managing director - EMEA, Flight Centre Travel Group.