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.

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