Helloworld Travel buys Show Group Enterprises

Company News

by Rachael Jones

Helloworld Travel (ASX:HLO) has bought Show Group Enterprises, a leading travel management specialist and freight logistics organisation servicing the entertainment, film, arts, fashion, corporate and sporting industries.

The Show Group business and assets have been acquired from the Avis Budget Group Inc. with the transaction executed and completed earlier this morning.

The consideration for the acquisition is $7.0 million cash which has been funded from cash and existing facilities.

Shares in Helloworld Travel (ASX:HLO) are trading flat at $6.00.

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