By Breaking Travel News Serko, an Australasian leader in online travel booking and expense management for business, announced earlier that it has acquired the business and assets of Arnold Travel Technology. The all-cash deal sees the company move from Wotif Group, a leading operator of travel brands in the Asia-Pacific region and part of the Expedia group. Assuming retention of the majority of Arnold’s existing client base, Serko expects this transaction to result in an uplift in revenues for the six months to September 30th 2015 in the range of seven to eight per cent, however EBITDA will not change materially for that period.
Source: Breaking Travel News – News
Expedia-affiliate sells Arnold Travel to Serko
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