Helloworld has confirmed it is in discussions to potentially acquire the private travel services company, AOT Group.
Helloworld said in an online statement the potential acquisition of the company is still in progress, with the agency group still conducting evaluations.
The AOT Group offers a full range of travel services in the inbound, corporate/government and leisure sectors in Australia, New Zealand and the South Pacific.
If helloworld does acquire the AOT Group it would add some 570 full-time staff to its network based out of Melbourne, Canberra, Sydney, Gold Coast, Brisbane, Auckland, Nadi and Mumbai and our Sales Offices in Shanghai, Hong Kong, Singapore, Jakarta, Milan, Munich, Rarotonga and London.
It would also give the agency group access to a wholesaler leisure distribution service, destination management services, accommodation program management, online consumer portals and transport services.
“No transaction has been agreed or approved by the HLO Board and there is no certainty that the current discussions will lead to any transaction.”
helloworld statement
“HLO has made this announcement in light of today’s press speculation and will update the market in accordance with its continuous disclosure obligations.”
