Spanish travel technology company Amadeus has announced it would buy Navitaire, a subsidiary of Accenture Plc for $830 million, to focus mainly on digital services for airline passengers.
Amadeus said it expects the deal, which is projected to close in the fourth quarter, will have a minimal impact on its financial performance this year.
About 550 Navitaire employees, including the company’s senior management team, are expected to transfer to Amadeus, the company said in a statement on Wednesday.
Navitaire which provides technology services to over 50 of the world’s airline operators, focuses more on the low-cost and hybrid segments in the airline industry. The addition of Navitaire's portfolio would enable Amadeus to serve a wider group of airlines which you can view here.
It is believed that the acquisition of Navitaire would enable Amadeus to improve the connectivity between different carriers in the same airline groups or their alliances.