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HELLOWORLD TRAVEL LIMITED — M&A Activity 2019
Sep 30, 2019
65057_rns_2019-09-30_a1404bae-f02b-4a98-939e-690161d23b00.pdf
M&A Activity
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1 October 2019
Completion of TravelEdge Group acquisition
Helloworld Travel Limited (ASX: HLO) has today advised that it has completed the acquisition of the TravelEdge Group as announced on 24 September 2019.
“We are delighted to welcome TravelEdge into the Helloworld Travel Limited family and look forward to continuing to provide outstanding service to TravelEdge’s many corporate, educational institution and leisure clients throughout Australia and New Zealand”, said Andrew Burnes, Chief Executive Officer, Helloworld Travel Limited.
The additional expertise and capability brought into the group by TravelEdge will compliment Helloworld Travel’s existing corporate operations in Australia and New Zealand.
Helloworld Travel was advised by PwC and MinterEllison on the transaction.
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About Helloworld Travel Limited
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Helloworld Travel Limited (ASX: HLO) is a leading Australian & New Zealand travel distribution company, comprising retail travel networks, corporate travel management services, destination management services (inbound), air ticket consolidation, wholesale travel services, and online operations.
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HLO has over 2,200 staff located in Australia, New Zealand, Fiji, the USA, Asia, India and UK/Europe and over 2,400 members of its travel agency networks in Australia and New Zealand.
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Helloworld Travel is the proud naming rights partner of Volleyball Australia and the Helloworld Travel Volleyroos men’s and women’s national teams.
MEDIA CONTACT: Trudi Sheppard Director of Communications Helloworld Travel Limited + 61 3 9867 9600 [email protected]
INVESTOR CONTACT: Michael Burnett Chief Financial Officer Helloworld Travel Limited + 61 3 9867 9600
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