AIMING to boost the its Altea suite of offerings, Amadeus is set to acquire Navitaire for US$830 million.
Navitaire is a wholly owned subsidiary of Accenture that provides technology and business solutions to the airline industry, with a special focus on the low-cost and hybrid segments.
It has a base of over 50 international airlines which it supports with revenue-generation and cost-streaming solutions in the areas of reservations, ancillary sales, loyalty, revenue management, revenue accounting and business intelligence.
“Bringing Navitaire’s experience, industry knowhow, client base and strong product portfolio is a significant step for Amadeus in the low-cost and hybrid carrier segments,” said Luis Maroto, president and CEO of Amadeus in a press release.
“Airlines of all shapes and sizes face an increasingly competitive market for an increasingly demanding traveller, and this transaction will give us the ability to serve all airlines with a technology that can enable them to drive new revenues and contain their costs.”
Under the terms of the agreement, about 550 Navitaire employees, including the company’s senior management team, are expected to transfer for Amadeus.
The transaction is expected to complete in 4Q2015.
Separately, Amadeus has announced it will form an alliance with Accenture as its Strategic Partner. The alliance is focused on digital travel services with an emphasis on commercial passenger operations.
A third agreement sees Accenture supporting Amadeus with infrastructure outsourcing, application and research and development services as well as hosting services for existing Navitaire clients and future Amadeus clients who purchase the Navitaire solution.
