Travelport acquires stake in Australian tech company

Travelport acquired a 49% share in Australian travel tech firm Locomote and upped its ownership in eNett International.

The former claims to provide "seamless management" of "travel, authorization and procurement processes, including corporate traveler profile management, pre-trip approvals and duty of care capabilities."

Locomote already uses Travelport technology for profile management, content aggregation and other functions.

Meanwhile, Travelport now owns 73% of the eNett payment solutions joint venture (raised from 57%). eNett provides virtual account numbers via MasterCard to facilitate payments between travel agencies and suppliers. Partner PSP International holds the remainder. The transaction valued eNett at about $450 million.
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Source: Business Travel News 
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