Helloworld buying TMC TravelEdge Group
Helloworld Travel has announced an agreement to buy TravelEdge Group in a $28 million deal.
Helloworld CEO Andrew Burnes says the TravelEdge acquisition will give it a stronger presence in the corporate and education travel sectors.
TravelEdge is one of Australia’s largest privately owned corporate travel management companies.
It also has an academic travel services division, and services clients in event, group and incentive travel.
It generated a total transaction value of $300 million in the last financial year, Helloworld said.
"TravelEdge is a leading specialist corporate travel business and adds great strength to our expanding TMC businesses in both Australia and New Zealand," said Nick Sutherland, Helloworld group general manager of corporate.
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