Amadeus is acquiring hotel tech company TravelClick from
private equity investment firm Thoma Bravo for $1.52 billion.
The acquisition, subject to regulatory approvals, is
expected to close in the fourth quarter of 2018.
Amadeus said TravelClick has about 25,000 customers in 176
countries. It solutions include a central reservations system for independent
hotels and small chains, a guest-management solution and business intelligence
and media solutions.
"Our ambition is to provide the hospitality industry
with the tools they need to grow their businesses and deliver a great
experience to our guests," Amadeus CEO Luis Maroto said in a statement. "The
combination of our two portfolios will allow us to provide that to hotels of
all shapes and sizes across the world."
The acquisition will enable Amadeus to offer a range of solutions
to hotel companies of all sizes, according to Francisco Perez-Lozao, senior
vice president of strategic growth business at Amadeus.
"While we have already made strong progress with the
large chains, TravelClick gives us access to the mid-chain and independent
hotel segment that makes up almost three-quarters of the market,"
Perez-Lozao said in a statement.
Amadeus said around 1,100 TravelClick employees will join
Amadeus as a result of the acquisition.