Australian 188bet login group Flight Center acquires Silicon Valley 188bet login company,Strengthen the North American market layout

Industrial Investment Author of this article: Han Bing 2019-01-02
Casto 188bet login can access Flight Center Group’s technology、Buying Power and Marketing Coverage,Flight Center can expand its market share in Silicon Valley and the West Coast of the United States。This acquisition is expected to be completed in early February this year。

Australian 188bet login group Flight Center 188bet login Group (FCTG) recently agreed to acquire the US business of Silicon Valley-based 188bet login management company Casto 188bet login,To strengthen business layout in North America。This acquisition is expected to be completed in early February this year。After the first announcement in December 2018,Details such as purchase price and terms have not yet been announced。

FCTG is headquartered in Brisbane, Australia,Has more than 40 brands,Currently has more than 19 in 23 countries,000 employees。

Casto 188bet login is mainly engaged in corporate business 188bet login services,In San Jose,Three offices in San Francisco and Tiburon,The company has had great success combining leisure and vacation products with its core business 188bet login activities。

September 2018,Flight Center acquires Toronto-based 188bet login planning platform Umapped,Flight Center acquired Casto 188bet login three months later。After the acquisition is completed,Casto 188bet login will remain an independent operation,It will eventually become part of the FCm brand’s elite products。

Graham Turner, General Manager of Flight Center said,New businesses increasingly complete the group’s diversified global network。“Casto strengthens our overall U.S. operations,Includes highly successful and rapidly growing business 188bet login business,As well as online and offline leisure business and GOGO Vacations wholesaler business,"Turner said。

Casto 188bet login will expand Flight Center’s presence in Silicon Valley and the U.S. West Coast,"This will change the situation where Flight Center previously had a relatively small business 188bet login business,Also complementary to operations on the East Coast and other key locations。”

Dean Smith, President of Flight Center Americas,The acquisition of Casto 188bet login is an important part of the company's future business growth and strategic direction in the United States。

“This acquisition provides us with a tremendous opportunity,Can increase our presence on the West Coast,And leverage Casto 188bet login’s local expertise and reputation,Providing quality services in the world's largest business 188bet login market。Casto 188bet login’s location advantage in the center of Silicon Valley has also brought about the rapid growth of technology。“

Casto 188bet login was established in 1974,Currently 85 employees,Total transaction volume reached 1.USD 200 million,is a medium-sized tourism management company。According to Flight Center US Brand President Charlene Leiss,All employees will be retained after the acquisition。

“Flight Center acquires Casto 188bet login to acquire quality staff,Excellent service in the Bay Area and Silicon Valley,Excellent long-term reputation for deep customer relationships and strategic geographic needs。There are no significant redundancies between our businesses,"Leiss said。

Casto 188bet login founder Maryles Casto will assist in integrating the company into FCTG,And serves as Vice President of West Coast Operations,And current President and CEO Marc Casto will continue as Senior Vice President, West Coast。"Both of them signed employment contracts,This is also the key to moving our business plan forward," Leiss said。

Marc 188bet login has informed most of his key customers of the situation,And guaranteed,There will be no changes to the U.S. employees who service their accounts on a day-to-day basis。

Currently,Casto 188bet login will continue to explore the original market。“We will continue to deeply explore the San Jose and San Francisco markets。Where there are suitable opportunities in the future,We will also do the layout,But the main goal is always to develop the existing two city businesses,"Leiss said。

*This article is compiled from Skift, original title: "188bet login Expands in U.S. With Silicon Valley Acquisition》.

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