Apex Insight provides commercial due diligence to support Travelport in its acquisition of a majority stake in Locomote
Travelport operates a business-to-business travel commerce platform which provides distribution, technology, payment and other solutions for the travel and tourism industry worldwide. With revenues of over $2bn, it is based in the UK and quoted on the New York Stock Exchange.
Locomote, based in Australia, provides a sophisticated technology solution which enables companies to manage all aspects of their business travel from any device in any location. It serves a range of corporate clients including ANZ Bank, Allen and Overy, Medibank and WorldVision.
Apex Insight carried out a customer referencing exercise which involved interviews with customers from sectors including banking, insurance, law, higher education, retail, mining and events management. The work revealed that Locomote customers had enjoyed significant cost savings from adopting the platform and had high satisfaction levels with the system, with its ease of use being particularly noted.
Sandra McLeod, CEO of Locomote, said:
“Apex Insight’s work confirmed our belief that Locomote offers a sophisticated system which fits well with the Travelport platform and also identified some further opportunities for the business.”