(Reuters) - Spanish travel technology firm Amadeus IT Group AMA.MC has agreed to buy U.S.-based TravelClick for $1.52 billion from private equity firm Thoma Bravo, Amadeus said on Friday.
Amadeus, which operates global travel booking systems and offers check-in services for airlines, said the deal will boost its presence in the hospitality sector.
“The addition of TravelClick’s solutions to the Amadeus portfolio will create a hospitality IT leader providing a broad range of innovative technology to hotels and chains of all sizes across the globe,” the company said.
Amadeus sees combined core earnings of 2.02 billion euros and revenue above 5.06 billion euros after it closes the deal, which it expects to be immediately accretive.
Amadeus will partially finance the buy with a 1.00 billion euro ($1.14 billion) debt facility, it said.
TravelClick, which operates in 176 countries, serves such hotel chains as Hilton, Marriott, and Crown Hotels.
Amadeus said the deal will give it a presence in the independent sector and help it grow in the middle chain segment. It will take on TravelClick’s business intelligence, reservation and guest management systems.
Reporting by Nadiia Karpina, Gdynia Newsroom; Editing by Jan Harvey
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