Amadeus widens portfolio
Amadeus’ acquisition of TravelClick from Thoma Bravo for USD $1.52 bn is set to expand Amadeus’ presence in the hospitality sector.
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 2018, following regulatory approvals.
Headquartered in New York, TravelClick 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.
“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, 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 sizes across the world.”
“This deal marks the next stage in TravelClick’s incredible journey of success in delivering ground-breaking solutions for hoteliers,” said Larry Kutscher, CEO, 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.”