Flight Centre acquires Scott Dunn and chooses Orro for its Aussie retail network

Flight Centre acquires Scott Dunn and chooses Orro for its Aussie retail network

Flight Centre Travel Group (FLT) has announced the acquisition of Scott Dunn, the UK-based luxury travel brand.

Scott Dunn specialises in tailor-made luxury holidays, for an enterprise value of $211 million.

In a statement FLT said the acquisition provided the company with an entry point into the UK and US luxury travel market.

The purchase was funded by fully underwritten $180 million institutional placement and $40 million in existing cash on FLT’s balance sheet, prior to receipt of any funds raised under the share purchase plan.

The plan will allow eligible existing shareholders the ability to participate in a non underwritten share purchase plan to raise up to a further $40 million.

The announcement came at the same time Flight Centre Travel Group (FCTG) announced Orro would manage its shop network connectivity in Australia for three years.

The company said the move would significantly improve the current Flight Centre network connectivity, as well as delivering high redundancy and improved network visibility.

It will also reduce network connectivity costs.

“As FCTG evolves to become an omni-channel travel services retailer, connectivity is mission-critical for its business. As more people return to travel they bring with them heightened expectations of reliability and performance of digital services,” Daniel Greengarten, the chief operating officer of Orro said.

Chris Locke, FCTG’s chief information officer said Orro allowed the company to reduce costs while at the same time, investing in new technologies.

“Strengthening our network is critical to delivering on Flight Centre’s strategic objective of being the world’s best omni-channel provider of corporate and leisure travel services,” he said.

Phase one of the program includes transitioning the retail network connectivity across 427 sites, as well as building improved redundancy via NBN and 4G.

The new network will allow FCTG to receive real-time network performance data and alerts on hardware health and network performance.

Management of the network will be out of Orro’s Network Operations Centre. The company is headquartered in Sydney with offices in Brisbane, Melbourne, Perth, the United Kingdom and the Philippines.

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