Webjet Group (ASX:WJL) has completed the acquisition of Locomote Holdings for an upfront cash consideration of AU$17 million and a deferred earn-out of AU$6 million, according to a Wednesday Australian bourse filing.
The deal is expected to be revenue positive while reducing underlying earnings before interest, taxes, depreciation, and amortization by about AU$600,000 to AU$900,000 in the fiscal year, the filing said.
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