Global distribution platform Amadeus has announced an impending deal to acquire US-based TravelClick for $1.52 billion.
The acquisition will give Amadeus a major presence in the hospitality IT sector and could double Amadeus’s hospitality solutions portfolio to about 55,000 properties.
Amadeus is buying the business from private equity investment firm Thoma Bravo.
TravelClick has more than 25,000 hospitality clients across 176 countries offering cloud-based central reservation systems and a guest management tool.
"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 Spain based 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."
Amadeus will part finance the acquisition with a $1.14 billion debt facility and will integrate 1,100 TravelClick employees into the Amadeus business.
The deal is expected to complete by the end of the year.
