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February 2022, Virtual
Amadeus has agreed a deal to acquire technology and business solutions firm Navitaire for $830 million.
Navitaire, a subsidiary of Accenture, provides revenue-generation and cost management solutions to the airline industry.
The company focuses on the low-cost and hybrid-carrier segments of aviation and has a global customer base of more than 50 operators.
“Bringing Navitaire’s experience, industry know-how, 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.
“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 technology that can enable them to drive new revenues and contain their costs.”
Amadeus said the addition of Navitaire’s portfolio of products and solutions for the low-cost airline market will complement its Altea suite of offerings for its full-service carrier customer base, giving the company the ability to serve a wider group of airlines.
As part of the acquisition around 550 employees including Navitaire’s senior management team are expected to transfer to Amadeus.