Flight Centre Travel Group has agreed to acquire Quebec's
Les Voyages Laurier du Vallon. Three Flight Centre Travel Group brands—Corporate
Traveller, FCM Travel Solutions and Stage and Screen—serve Quebec, but the
company said the province's use of French stymied market participation. "Our
ability to expand and grow market share in this province has, until now, been
constrained," said Managing director Graham Turner.
LDV will increase Flight Centre Travel Group's
Canadian transaction volume from C$40 million to C$140 million. LDV's corporate
business generates about 40 percent of its transaction value, and it also has
an "emerging" meetings, incentives, conferences and exhibitions
business. LDV will maintain its branding, and general manager Nicolas Racine
will report to Flight Centre Travel Group Canada president John Beauvais.