Amadeus buys TravelClick
AMADEUS has confirmed its acquisition of hospitality global provider TravelClick for US$1.52 billion.
TravelClick offers a range of services including cloud-based guest management solutions and a Central Reservation System for independent and mid-sized hotels and has been purchased from private investment firm Thoma Bravo.
Amadeus said the addition would “create a hospitality leader providing a broad range of innovative technology to hotels and chains of all sizes across the globe”.
TravelClick is headquartered in New York City and has over 25,000 customers in 176 countries across the globe, with the deal to see over 1,100 TravelClick staff join the Amadeus team.
Amadeus senior vice president strategic growth businesses Francisco Perez-Lozao said alongside existing strong relationships with large hotel groups such as IHG, the TravelClick deal gave Amadeus access to the mid-chain and independent hotel segment that made up almost three-quarters of the market.
“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.”
TravelClick CEO Larry Kutscher said the deal marked the next stage in the company’s journey.
“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 added.
Amadeus and Thoma Bravo expect to close the acquisition in the fourth quarter of the calendar year 2018, following regulatory approvals.