Flight Centre to buy two New Zealand travel firms expanding local footprint

Mon, 31 Jul 2017

By Paul McBeth Aug. 1 (BusinessDesk) - ASX-listed Flight Centre Travel Group will buy two local travel firms for an undisclosed sum, expanding its footprint in New Zealand and making it one of the country's biggest travel management groups. The Brisbane-based company yesterday said it has agreed to buy Travel Managers Group (TMG) and Executive Travel Group (ETG), without providing details of the transactions, making New Zealand the Australian firm's fifth biggest business globally. The two businesses will add $3 million of annual earning...

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