Travel Agents

Helloworld completes its latest acquisition

Helloworld are back at it again with the acquisitions.

The travel company announced in a statement on ASX it has completed its acquisition of web-based flight booking tech provider and operator, Flight Systems.

The business is expected to make TTV of over $80 million in the 2018 financial year.

It comes just over a month after the completion of Helloworld’s acquisition of Magellan Travel Groupas part of the company’s strategy to improve its leisure and corporate technologies.

“We are delighted to welcome Flight Systems into the Helloworld Travel Limited family and look forward to the expended systems capability that will be available across the group’s retail and corporate distribution channels,” said Andrew Burned, Cheif Executive Officer, of Helloworld.

The travel company said in the statement that while consideration for the acquisition was not material, Flight Systems is an important strategic step in strengthening Helloworld Travel’s systems development capabilities.

The new technologies will benefit agents by allowing them to provide their customers with 24/7 bookability via their own branded portals, providing customers with more choice, and delivering greater efficiencies for all the Helloworld networks.

Since the beginning of 2017, Helloworld has completed four other acquisitions in its three operating divisions of leisure travel, corporate travel and wholesaling, including cruise data manager the Cruise Factory, wholesaler Seven Seas Cruising, home-based travel agency MTA and most recently Magellan Travel Group.