Amadeus completes US$830m Navitaire acquisition
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Amadeus has completed the US$830 million acquisition of Navitaire from Accenture.
The deal, which was first announced in July 2015, represents a major step in Amadeus’ efforts to expand into the low-cost carrier market, in which Navitaire specialises.
Minneapolis-based Navitaire currently has a customer base of more than 50 airlines, which is serves with a range of tech solutions in the areas of reservations, ancillary sales, loyalty, revenue management, revenue accounting and business intelligence.
“The addition of Navitaire is an important step for Amadeus, broadening our product portfolio and know-how in the aviation industry,” said Luis Maroto, president & CEO of Amadeus.
“The industry is increasingly complex, with different airlines serving distinctive passenger segments and an increasing cross-over between low-cost and full-service. The combination of the technology and expertise of Amadeus and Navitaire ensures we are better positioned to meet the needs of all our customers.”
Following the acquisition, Navitaire will become part of Amadeus’ Airline IT unit, with David P. Evans, the current CEO of Navitaire, retaining his position. Approximately 550 Navitaire employees, including the company’s senior management team, will now transfer to Amadeus with immediate effect. The Navitaire brand name will be retained.
“Navitaire is a great cultural fit for Amadeus as both companies have a product mindset and deep aviation experience at their core,” said Julia Sattel, Amadeus’ senior vice president of Airline IT. “But there are differences also and I think the two companies have a great deal to learn from each other and over time, as we get to know each other better, there will be synergies that will be to the benefit of our customers.”
The addition of Navitaire’s portfolio of products and solutions for LCCs will complement Amadeus’ Altéa Suite, which is mainly targeted at full-service carriers. Amadeus said this would enable it to “improve the connectivity between different carriers within the same airline group or alliance”.
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