Webjet Group confirms completion of Locomote acquisition
| Stock | Webjet Group Limited (WJL.ASX) |
|---|---|
| Release Time | 1 Oct 2025, 3:28 p.m. |
| Price Sensitive | Yes |
Webjet Group completes Locomote acquisition
- Webjet Group acquires 100% of Locomote Holdings for $17M upfront and $6M deferred earn-out
- Locomote is a business travel technology company with a scalable digital product
- Acquisition enables Webjet to launch a standalone digital business travel offering earlier
Webjet Group Limited (ASX: WJL) has confirmed the completion of the acquisition of 100% of the shares in Locomote Holdings Pty Ltd (Locomote), a business travel technology company. The upfront cash consideration for the acquisition is $17 million, with an additional $6 million deferred earn-out payable in three years, subject to certain EBITDA targets being satisfied. Webjet Group's CEO and Managing Director, Katrina Barry, commented on the rationale for the acquisition, stating that Locomote has rebuilt and transformed its platform to meet the challenges and trends in the corporate travel market, delivering a fully scalable digital product designed for the business traveller and significant growth in its TTV (Total Transaction Value). Webjet Group will focus on scaling and enhancing Locomote's state-of-the-art digital product with Webjet's brand strength, partnerships, and reach, to increase its existing share of the business travel segment in Australia. The acquisition will enable the launch of a standalone, end-to-end, digital Webjet Business Travel offering approximately three years earlier and at a lower cost than building it in-house. It will also free Webjet's leisure team to focus on the next wave of innovation, including the application of AI and other emerging technologies to make travel booking even smarter. The acquisition is not expected to have a material impact on Webjet Group's results for FY26, but it is forecast to contribute positively to revenue and reduce Underlying EBITDA by circa $600,000-$900,000 in the current financial year.
The acquisition is not expected to have a material impact on Webjet Group's results for FY26. It is forecast to contribute positively to revenue and reduce Underlying EBITDA by circa $600,000-$900,000 in the current financial year.