Amadeus To Acquire Hospitality Provider TravelClick for $1.52bn

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Amadeus, provider of advanced technology solutions for the global travel industry, has agreed to acquire New York-headquartered TravelClick from private equity firm Thomas Bravo for $1.52 billion.

The addition of TravelClick’s solutions to the Amadeus portfolio will create a hospitality leader providing a broad range of innovative technology to hotels and chains of all sizes across the globe, Amadeus said in a statement.

As part of the acquisition, approximately 1,100 TravelClick employees are expected to join Amadeus.

Amadeus and Thoma Bravo expect to close the acquisition in the fourth quarter of the calendar year 2018, following regulatory approvals. The transaction will be debt-financed and immediately earnings accretive.

TravelClick is a global hospitality 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,” the statement reads.

“TravelClick has a great team, great technology and a broad customer base, and we are looking forward to welcoming such a successful business into Amadeus,” said Luis Maroto, President and CEO of Amadeus.

“Our ambition is to provide the hospitality industry with the tools they need to grow their businesses and deliver a great experience to their guests. The combination of our two portfolios will allow us to provide that to hotels of all shapes and sizes across the world,” he added.

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This deal marks the next stage in TravelClick’s incredible journey of success in delivering groundbreaking solutions for hoteliers, said Larry Kutscher, CEO of TravelClick.

“I couldn’t be more proud of our team or more excited about the impact our combined companies will have on the hospitality industry as we begin to deliver the next generation of innovation for hoteliers,” he said.

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. – BusinessNews.ph

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