Amadeus To Buy Navitaire For USD$830 Million

Spanish travel technology company Amadeus said it will buy Navitaire for USD$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. It said the deal would be earnings accretive from the first day.

About 550 Navitaire employees, including the company's senior management team, are expected to transfer to Amadeus, the company said in a statement

Navitaire which provides technology services to over 50 of the world's airlines, focuses more on the low-cost and hybrid segments in the airline industry.

Amadeus said it believes the acquisition of Navitaire would enable it to improve the connectivity between different carriers in the same airline groups or their alliances.

The addition of Navitaire's portfolio would enable Amadeus to serve a wider group of airlines.

Under the terms of the deal, Accenture will be designated as a "strategic partner" for the Amadeus airline IT business, Amadeus said.