TravelClick to be acquired by Amadeus
Amadeus has agreed to acquire TravelClick from Thoma Bravo for USD 1.52bn, the company announced this month. Approximately 1,100 TravelClick employees are expected to join Amadeus. TravelClick, headquartered in New York City, is a hospitality provider that serves more than 25,000 customers across 176 countries.
According to Amadeus, TravelClick 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. This portfolio gives hotels distribution reach across all channels, both digital and traditional. It also allows them to improve digital interaction with guests, increase revenues and performance, reduce cost and create a strong brand.
Amadeus says that the addition of TravelClick’s solutions to the Amadeus portfolio will create a hospitality leader providing a broad range of innovative technology to hotels and chains of all sizes across the globe.
“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 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.