Acquisition of Business Travel Development by Flight Centre Travel Group

Transaction
Flight Centre Travel Group (European Holdings) Limited acquired 100% of the shares in Business Travel Development B.V. The team of Rembrandt Mergers & Acquisitions assisted the seller in realizing this transaction.

Flight Centre
Business Travel Development (BTD) is a business travel agency and arranges flight and train tickets, hotel bookings and car rentals for businesses, ranging in size from SMEs to listed companies. BTD operates in the Netherlands under the name FCm Travel Solutions, a label of Flight Centre Travel Group. More information is available on: www.nl.fcm.travel.

Flight Centre Travel Group is an Australian listed company and the largest travel agency in the world. Following this acquisition, Flight Centre has subsidiaries in 15 countries and, through partnerships and franchise agreements, activities in another 75 countries across the globe. Flight Centre, further strengthening its European activities by this acquisition, aims to accelerate growth in the SME segment and intends to eventually enter the leisure travel market as well. More information is available on: www.fctgl.com.