Helloworld Limited (ASX:HLO) has announced it has successfully completed the acquisition of a 50 percent stake in MTA.
The acquisition was funded by a capital raising that was launched in late October.
MTA has over 350 mobile travel agents across Australia and adds a fifth network to Helloworld’s agency footprint in Australia.
The acquisition in MTA is part of a continued expansion by the business into the fast-growing home based travel consultancy market.
Helloworld Limited reported a net profit of $1.7 million at 30 June 2016.