MADRID -- Amadeus agreed to take a 30% stake in Optims, an
Evry,France-headquartered supplier of technology products to
hotels, for $6.8 million.
The GDS company will make the investment through $5.4 million in
cash and $1.4 million in a convertible loan.
The purchase, said Amadeus, will help it develop and promote
products for the hospitality sector.
Completion of the transaction is subject to the approval of
French and German regulators, as well as Optims shareholders, who
will meet by Oct. 31, said Amadeus.
Optims said it serves 5,500 hotels with products that include a
property management system, central reservations system and yield
management solution.