Amadeus completes the acquisition of TravelClick
Through this cash purchase value of 1,520 million dollars, Amadeus expands its presence in the hotel sector with independent hotels and medium-sized chains
Amadeus announces today that it has completed the acquisition of TravelClick to Thoma Bravo for 1.520 million dollars.
The acquisition is an important step forward for Amadeus in the hotel sector. The technology company has a portfolio of innovative solutions for hotels and chains of all sizes worldwide.
"The purchase of TravelClick significantly strengthens our presence in the hotel sector, as it expands not only our product portfolio, but also our know-how and international presence," said Luis Maroto, CEO of Amadeus. fragmented, Amadeus now has the professionals and technology needed to help hoteliers face the challenge of providing a quality experience to their customers. "
TravelClick will be part of the Amadeus Hospitality division, which will be headed by Francisco Pérez-Lozao. At first, TravelClick will be an independent entity within the division and the brand of the acquired company will be retained, which will be known as "TravelClick, an Amadeus company".
WThe hotel market offers a great opportunity for a technology provider with the ability to unify independent systems and provide hoteliers with a unified perspective on their guests which, in turn, allows them to provide better customer service, generate new sources of income and manage their costs, "said Pérez-Lozao." That is the objective we have for the sector and we are delighted to incorporate the TravelClick team and start working together to achieve it. "
Based in New York, TravelClick is a provider of global solutions for hotels and serves more than 25,000 customers in 176 countries. It provides innovative solutions based on the cloud that include a Reservation System (CRS) for independent and medium-sized hotels and a Solution for the Management of Guests (GMS), as well as business intelligence and media solutions. This portfolio gives hotels the capacity to distribute on all channels, both digital and traditional. It also allows them to improve digital interaction with customers, increase revenue and profitability, reduce costs and create a strong brand.
As part of the acquisition agreement, approximately 1,100 TravelClick employees will become part of Amadeus immediately.
The acquisition of TravelClick by Amadeus has received all necessary authorizations from regulators, including that of the competition authorities, to operate in all relevant markets.