TravelNewsAsia.com
Mon, 13 August 2018

Amadeus Buys TravelClick for US$1.52 Billion

Amadeus has agreed to acquire TravelClick from Thoma Bravo, a leading private equity investment firm, for US$1.52bn.

TravelClick, which is headquartered in New York City, is a leading global hospitality provider that serves more than 25,000 customers across 176 countries. It provides 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 of 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 has agreed to acquire TravelClick from Thoma Bravo, a leading private equity investment firm, for US$1.52bn. While Amadeus already has a strong portfolio of hotels from within the major brands, the TravelClick acquisition gives the company access to a good number of mid-chain and independent hotels that make up almost three-quarters of the market. Click to enlarge.

While Amadeus already has a strong portfolio of hotels from within the major brands, the TravelClick acquisition gives the company access to a good number of mid-chain and independent hotels that make up almost three-quarters of the market.

As part of the acquisition, approximately 1,100 TravelClick employees are expected to join Amadeus.

“This deal marks the next stage in TravelClick’s incredible journey of success in delivering groundbreaking solutions for hoteliers,” said Larry Kutscher, CEO of 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.”

Amadeus and Thoma Bravo expect to close the acquisition in the fourth quarter of the calendar year 2018, following regulatory approvals. The transaction will be debt-financed and immediately earnings accretive.

“TravelClick is an excellent example of Thoma Bravo’s proven investment approach of acquiring a best in class vertical market software company and working alongside talented leadership to implement operational best practices and drive growth both organically and through M&A,” said Holden Spaht, a managing partner at Thoma Bravo. “We appreciate the outstanding execution of Larry Kutscher and the management team at TravelClick, and believe the company is well positioned to continue delivering innovative software, data analytics and marketing services that maximize revenue for hotels around the world.”

Latest videos and podcasts: Compass Edge Finland - Interview with Deiv Salutskij, MD, Korean Air - Exclusive Interview, Korean Food and Soju - Interview with Jaeyoung Lee, Executive Chef of Four Seasons Hotel Seoul, AAPA Charts Priorities for Future Aviation Development, Asia Pacific Aviation Industry Update - AAPA Assembly of Presidents 2018 Press Conference, World's Best Airport Hotel - Interview with GM of Crowne Plaza Changi Airport Singapore, What is a Moxy Hotel? Interview, Plastic, Climate Change and Sustainable Tourism - Interview with WWF, JW Marriott Phuket - Interview with Matthias Y. Sutter, GM, Sustainable Hotels - Crowne Plaza Changi Airport Interview with GM, Bruno Cristol, Saving Boracay Island, Philippines - Interview, Sustaining Tourism - Interview with Eric Ricaurte, Sustainable Hotels - Interview with GM of JW Marriott Phuket, Diving in Phuket, Thailand - Interview with Sea Bees' Karen Lewis, Anthony Lark Explains PHIST, Raya Heritage Resort in Chiang Mai, Thailand - Interview, Pattana Golf Club & Resort in Sriracha, Thailand - Interview with MD, Thomas Tapken, airBaltic Airbus A220-300 Interview with Martin Gauss, CEO, Jake Needham - Interview with an American Author in Bangkok, Dell Precision 7730 Mobile Workstation (Three Videos) and Dusit Thani Bangkok - Is It Really Going to Close?.

See latest HD Video Interviews, Podcasts and other news regarding: Amadeus, TravelClick, Acquisitions.

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Latest Travel News
Advertising
Advertising
Copyright © 1997-2018 TravelNewsAsia.com