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Travelport completes sale of Locomote

July 3, 2020 Tech No Comments Email Email


 Travelport, a leading technology company serving the global travel industry, has today completed the sale of Locomote, a technology solution enabling travel agencies and travel management companies to manage corporate travel. Ross Fastuca and David Fastuca, the original founders of Locomote, have acquired Locomote. After leaving the company in 2018, Ross and David have focused on investing and advising technology-based businesses, whilst working on philanthropic ventures.

Commenting on the acquisition, Ross Fastuca, said: “We’re excited to be back. There’s certainly a lot of businesses looking at evolving their current travel programs. Now more than ever, we see a need for travel programs to be underpinned by a technology platform that can adapt quickly, provide simple experiences in difficult scenarios and one that’s quickly and easily customizable. We’ve always seen Locomote as an enabler for businesses and their travelers, allowing them to navigate the current and new landscape going forward. We believe Locomote is perfectly placed to provide a lot of value in this environment. We built the Locomote platform from the ground up to connect, simplify and streamline the complexities of travel workflows for travelers, managers, travel agencies, travel consultants and others, whether booking online or offline. It’s exciting to jump back into Locomote. We’re looking forward to the challenge ahead.”

As part of the sale, Travelport will provide technology and helpdesk services to the business through to the end of the year to ensure a smooth and successful transition to the new owners. Travelport will remain a reseller of Locomote and all current customer agreements with Travelport or Locomote are unaffected by this sale.

Commenting on the sale, Nick Dagg, Chief Commercial Officer, Agency, at Travelport, said: “Locomote is a great product with many industry leading features. We felt the solution would benefit from dedicated owners who will take the product forward and invest further in its development. Locomote will continue to be available to Travelport’s customers as part of a comprehensive package of solutions we offer through our leading travel commerce platform.”

Travelport first invested in Locomote in 2014, taking full ownership in 2017. The commercial terms of the transaction will not be disclosed.



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