Travelport Increases Ownership in eNett Joint Venture

Travelport has increased its ownership stake in eNett International, its joint venture with PSP International established in 2009 to provide state-of-the-art innovative and integrated payment solutions tailored specifically for the travel industry.

Since the joint venture’s inception in June of 2009, Travelport has held a majority stake of 57% whilst its partner, PSP International held the remainder.

The successful first five years of operation has seen the business develop from incubation, through launch and it has now become a growing part of Travelport’s Beyond Air portfolio and part of the Travelport strategy to redefine travel commerce.

In the deal announced today, Travelport has elected to acquire an additional 16% from PSP International raising its holding to 73% in a transaction which values the eNett business at $450m.