This paper presents a new strategy for optimal placement of multi-type FACTS devices with a view to minimize losses besides enhancing the voltage profile using biogeography based optimization. The strategy places three types of FACTS devices that include static VAR compensator, thyristor controlled series compensator and unified power flow controller; and offers optimal locations for placement, type and parameters of the FACTS devices. Test results on IEEE 14, 30 and 57 bus systems reveal the superiority of the algorithm.