USA > Spain based Amadeus to expand into Hospitality Sector through the acquisition of TravelClick from Thoma Bravo for $1.52 billion  

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Spain based Amadeus is set to acquire TravelClick from Thoma Bravo for $1.52 billion to expand into hospitality sector. TravelClick’s cloud based solutions for mid- chain and independent hotels will assist Amadeus to reach all the market segments.

Headquartered in New York, U.S., TravelClick is a leading hospitality provider with more than 25,000 customers in 176 countries. Providing innovative cloud- based solutions that includes an independent and mid-size hotel Central Reservation System (CRS) and Guest Management Solution (GMS), Travelclick’s  portfolio gives hotels distribution reach across all channels, both digital and traditional. TravelClick’s solutions to the Amadeus portfolio will provide global accessibility with strong digital interaction.

According to Luis Maroto, President and CEO of Amadeus:

“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.  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.”

Larry Kutscher, CEO of TravelClick also commented the following:

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

Francisco Perez-Lozao, senior vice president Strategic Growth Businesses at Amadeus added the following:

“This is a huge step forward for Amadeus in hospitality. 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. We can now serve the entire industry with a very broad portfolio of solutions and we are looking for significant growth in the years ahead.”

Finally Holden Spaht, a managing partner at Thoma Bravo said:

“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.  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.”

Amadeus expects 1100 TravelClick employees to join Amadeus. The transaction is expected to close in the fourth quarter of 2018 subject to regulatory approvals. Amadeus investment will be debt financed and immediately earnings accretive.

About Amadeus

Founded in 1987, Amadeus is a leading provider of advanced technology solutions for the global travel industry that operates through segments namely: Distribution and IT solutions. Headquartered in Spain, Amadeus acts as an international network providing real-time search, pricing, booking, and ticketing services. Amadeus employs around 16000 people worldwide.

About TravelClick

Founded in 1987, TravelClick offers innovative, cloud-based and data-driven solutions for hotels around the globe to maximize revenue. Headquartered in the US, TravelClick has 25000 customers and operates in 176 countries with local experts in 39 countries and 14 offices in New York, Atlanta, Barcelona, Bucharest, Chicago, Dallas, Dubai, Hong Kong, Melbourne, Orlando, Ottawa, Paris, Shanghai and Singapore

About Thoma Bravo

Headquartered in the US, Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Thoma Bravo has access to a series of funds representing more than $24 billion in capital commitments. Thoma Bravo has offices in San Francisco and Chicago.

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