Skift Take
Flight Centre’s latest North American acquisition looks like a win-win. Casto Travel gets access to the group’s technology, buying power, and marketing reach while the Australian-headquartered travel group expands its footprint in Silicon Valley.
Australia’s Flight Centre Travel Group has agreed to acquire Silicon Valley-based Casto Travel’s U.S. operations as part of its mission to strengthen its North American presence.
The acquisition is expected to close in early February. Details of the purchase price and terms have not yet been revealed following an initial announcement earlier this month.
Casto Travel serves largely corporate travel, from its three offices in San Jose, San Francisco, and Tiburon, and has been noted for its successes in augmenting its core business travel activities with leisure offerings.
The Casto Travel purchase comes three months after Flight Centre acquired Toronto-based itinerary technology company Umapped. Flight Centre plans to continue running the company as Casto Travel, with the ultimate goal of assimilating the subsidia
