The Spanish travel technology firm has signed a deal to acquire the US-based software developer.
The Spanish travel technology firm Amadeus has bought the US-based software developer TravelClick for $1.52 billion (€1.33 billion). The IT giant says that the deal, signed with current owner Thoma Bravo, a US private equity firm, will significantly expand its presence in the hospitality sector.
New York-based TravelClick provides cloud-based software solutions, mainly to the hotel business, and has more than 25,000 customers across 176 countries.
“The addition of TravelClick’s solutions to the Amadeus portfolio will create a hospitality IT leader providing a broad range of innovative technology to hotels and chains of all sizes across the globe,” the company said.
Acquiring TravelClick’s portfolio will improve digital interaction with guests and reduce costs, it added.
“The combination of our two portfolios will allow us to provide [IT solutions] to hotels of all shapes and sizes across the world,” said Luis Maroto, Amadeus president and chief executive.
The deal is expected to be completed during the final quarter of this year, subject to regulatory approval. Around 1,100 TravelClick employees will join Amadeus as a result of the deal.
“TravelClick gives us access to the mid-chain and independent hotel segment that makes up almost three-quarters of the market,” Francisco Perez-Lozao, Amadeus senior vice-president strategic growth businesses, added.
“We can now serve the entire industry with a very broad portfolio of solutions and we are looking for significant growth in the years ahead.”