Webjet Group Accelerates Business Travel Expansion with Locomote Acquisition

Webjet Group Limited (ASX: WJL) has announced the acquisition of Melbourne-based Locomote Holdings Pty Ltd, a corporate travel technology company with a fully developed digital booking platform, for AU$17 million upfront and a deferred earn-out of up to AU$6 million. This strategic move fast-tracks Webjet’s FY30 plan to build a tailored Business Travel offering, one of four core growth initiatives alongside expanding international flight share, enhancing Hotels & Packages, and refreshing the brand with loyalty opportunities.

Locomote’s platform, with FY25 TTV of about AU$70 million, provides Webjet immediate speed-to-market, lower investment compared to in-house development, and enhanced digital capabilities supported by its experienced 30+ team. Rebranded as Webjet Business Travel, Locomote will continue under its existing leadership. The acquisition is set to complete in 2H FY26, with minimal near-term EBITDA impact but significant long-term growth potential. Additionally, Webjet announced an on-market share buy-back of up to AU$25 million and plans to maximize franking credit distribution, including potential special dividends, while maintaining balance sheet flexibility.

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