A PYMNTS Company

Spain/US: Amadeus confirms acquisition of TravelClick for US$1.52b

By  |  August 12, 2018

The travel technology giant’s acquisition of TravelClick from private equity owner Thoma Bravo is expected to close in the fourth quarter of 2018, according to Reuters.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The agreement is the biggest strategic move Amadeus has made on the hospitality tech front—firmly pitting it against Sabre and other players in the hotel reservation system arena.

    “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 stated.

    Amadeus sees combined core earnings of €2 billion (US$2.3 billion) and revenue above €5.1 billion (US$5.8 billion) after it closes the deal, which it expects to be immediately accretive.

    Amadeus will partially finance the buy with a €1 billion (US$1.14 billion) debt facility, it announced.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.