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Webjet Group Limited ( (AU:WJL) ) just unveiled an update.
Webjet Group Limited has completed the acquisition of Locomote Holdings Pty Ltd, a business travel technology company, for $17 million upfront and a deferred earn-out of $6 million. This acquisition is part of Webjet’s strategic plan to enhance its business travel offerings and reduce time-to-market for new products, leveraging Locomote’s scalable digital platform. The acquisition is expected to positively impact revenue but will reduce Underlying EBITDA by $600,000-$900,000 in the current financial year.
The most recent analyst rating on (AU:WJL) stock is a Buy with a A$1.37 price target. To see the full list of analyst forecasts on Webjet Group Limited stock, see the AU:WJL Stock Forecast page.
More about Webjet Group Limited
Webjet Group Limited is a company operating in the travel industry, focusing on providing travel services and technology solutions. Its primary products include digital travel booking platforms, and it is expanding its presence in the business travel segment in Australia.
Average Trading Volume: 694,892
Technical Sentiment Signal: Buy
For detailed information about WJL stock, go to TipRanks’ Stock Analysis page.