Melbourne corporate travel and expense platform Locomote has today announced a new name along with its intent to head overseas, changing its name to Travelport Locomote as it gears up to expand into the United Kingdom.
It comes after billion dollar Travelport’s acquisition of a majority stake in the startup late last year; it had originally bought a 49 percent stake in the company in 2014, upping it to 55 percent last year. Listed on the New York Stock Exchange, Travelport provides solutions covering distribution, technology, and payments to the travel industry.
The investment into Locomote was made to help Travelport strengthen its offering in the digital space. As such, Travelport Locomote has now become part of its recently launched dedicated digital organisation, Travelport Digital.
To read the full article in Startup Daily, click here.
To read the full article in Business News Australia, click here.