TRAVELPORT has increased its investment in corporate travel technology company Locomote, now taking a 55 per cent controlling share of the Australian start-up. Travelport first invested in Locomote in 2013.
Gordon Wilson, president and CEO of Travelport, said the move is part of the company’s drive to develop new digital services and mobile capabilities for the travel industry.
“Corporate travel needs and demands, content, and the demographic make-up of travellers are all changing rapidly. Travelport intends to be at the forefront of these changes as we deploy our content and technology assets to address them,” said Wilson.
“Locomote, which approached the market with a clean slate and a fresh approach, is a key part of how we envision the future.”
With this shift, Philip Weinman, founding investor and CEO of Locomote, has appointed Sandra McLeod as the company’s new CEO while Weinman steps into the position of vice chairman.
