Amadeus completes acquisition of Navitaire
Amadeus has completed the US$830m acquisition of Navitaire from Accenture.
The acquisition marks an important step for Amadeus in the low-cost and hybrid segments of the airline industry, in which Navitaire has a global customer base of more than 50 operators to which it provides revenue-generation and cost-streamlining 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.”
The addition of Navitaire is an important step for Amadeus, broadening our product portfolio and know-how in the aviation industry
Luis Maroto, President & CEO of Amadeus commented: “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, Senior Vice President, Airline IT at Amadeus. “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.”
News Source: breakingtravelnews.com
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