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HELLOWORLD TRAVEL LIMITED — M&A Activity 2016
Dec 1, 2016
65057_rns_2016-12-01_ecba1e46-1974-42be-8dae-7a051de0432f.pdf
M&A Activity
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Completion of Acquisition of 50% of MTA
2 December 2016
Helloworld Limited (ASX: HLO; Helloworld) confirms that on 1 December 2016 it successfully completed the transaction to acquire 50.0% of MTA, which was announced on 21[st] October, 2016. The consideration was fully funded out of the capital raising on 24[th] October with the remaining proceeds of the raising used to retire debt.
The MTA business, with over 350 mobile travel agents throughout Australia, is a home based travel consultancy service and adds a fifth network to HLO’s agency footprint in Australia which now comprises:
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Helloworld Branded Network
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Helloworld Associate Network
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Helloworld for Business
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My Travel Group
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MTA
HLO CEO Andrew Burnes said he was delighted with the addition of the MTA partnership and is looking forward to the company’s continued expansion in the fast-growing home based consultancy market.
-ENDS-
MEDIA CONTACT:
Trudi Sheppard Director of Communications Helloworld Limited [email protected] 03 9867 9600
INVESTOR CONTACT:
Michael Burnett Chief Financial Officer Helloworld Limited 03 9867 9600
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About Helloworld Limited
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Helloworld Limited (ASX: HLO) is a leading Australian based travel distribution company, comprising retail travel businesses, destination management services (inbound) air ticket consolidation, wholesale, corporate and online operations. This includes “ helloworld”, Australia’s largest network of franchised travel agencies together with our Corporate, Associate and Affiliate networks, our wholesale & DMC businesses including Qantas Holidays, Go Holidays in New Zealand, AOT Inbound, ATS Pacific, QBT, Sunlover Holidays and Insider Journeys and our corporate businesses QBT and APX
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“helloworld” is a nationwide network of independently owned and operated retail travel agencies offering Australian and New Zealand travellers outstanding service, and the best value, tailor-made leisure and corporate travel experiences
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HLO has over 1900 staff located in Australia, New Zealand, Fiji, the USA, South East Asia, India and UK/Europe
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Helloworld is the proud major sponsor of Volleyball Australia and the helloworld Volleyroos men’s and women’s national teams
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Helloworld is proud to be the major sponsor of Basketball Australia and the helloworld Boomers
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Helloworld is the Official Travel Partner and a Gold Sponsor of Carlton Football Club
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Helloworld is a major sponsor of the National Basketball League (NBL)
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