- USD $1.52bn cash transaction expands Amadeus’ presence in the hospitality sector with mid-sized chains and independent hotels
- Around 1,100 employees to join Amadeus
- Francisco Peréz-Lozao to lead enlarged Hospitality customer unit at Amadeus
- Transaction receives all necessary regulatory approvals
MADRID, SPAIN, 2018-Oct-09 — /Travel PR News/ — Amadeus today (10/4/2018) announces that it has completed the USD $1.52bn acquisition of TravelClick from Thoma Bravo.
The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide.
“The addition of TravelClick significantly enhances our presence in the hospitality industry, not only broadening our product portfolio but also our know-how and global presence,” said Luis Maroto, President and CEO of Amadeus. “In a highly fragmented market, Amadeus now has the people and the technology to help all hoteliers rise to the challenge of delivering a great experience for their guests.”
TravelClick will become part of Amadeus’ Hospitality customer unit, which will be led by Francisco Perez-Lozao. Initially TravelClick will be a distinct entity within the unit maintaining the acquired company’s brand, which will be known as ‘TravelClick, an Amadeus company.’
“There’s a huge opportunity in the hospitality market for a technology provider that can unite separate systems and give hoteliers a single view of their guests, in turn allowing them to serve the customer better, drive new revenue opportunities and manage their costs,” said Perez-Lozao. “That is our ambition for the industry and we’re excited to bring the TravelClick team on board and start working together to that aim.”
TravelClick, which is based in New York City, is a leading hospitality global provider that serves more than 25,000 customers across 176 countries. It provides innovative cloud-based solutions, including an independent and mid-size hotel Central Reservation System (CRS) and Guest Management Solution (GMS), as well as business intelligence and media solutions. This portfolio gives hotels distribution reach across all channels, both digital and traditional. It also allows them to improve digital interaction with guests, increase revenues and performance, reduce cost and create a strong brand.
As part of the acquisition, approximately 1,100 TravelClick employees will transfer to Amadeus with immediate effect.
Amadeus’ acquisition of TravelClick has now received all necessary regulatory approvals, including competition clearance in all relevant markets.
Amadeus is a leading provider of advanced technology solutions for the global travel industry. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies).
The Amadeus group employs around 13,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as 71 local Amadeus Commercial Organisations globally.
The group operates a transaction-based business model.
Amadeus is listed on the Spanish Stock Exchange under the symbol “AMS.MC” and is a component of the IBEX 35 index.
TravelClick offers innovative, cloud-based and data-driven solutions for hotels around the globe to maximize revenue. TravelClick enables over 25,000 customers to drive better business decisions and know, acquire, convert and retain guests. The Company’s interconnected suite of solutions includes Business Intelligence, Reservations & Booking Engine, Media, Web & Video and Guest Management. As a trusted hotel partner with more than 30 years of industry experience, TravelClick operates in 176 countries, with local experts in 39 countries and 14 offices in New York, Atlanta, Barcelona, Bucharest, Chicago, Dallas, Dubai, Hong Kong, Melbourne, Orlando, Ottawa, Paris, Shanghai and Singapore. The Company also provides its hotel customers with access to a global network of over 600 travel-focused partners. Follow TravelClick on Facebook, Twitter and LinkedIn.