Amadeus has completed its US$830m acquisition of
Navitaire from Accenture.
The acquisition marks an important step for
Amadeus in the low-cost and hybrid segments of the airline
industry, in which Navitaire has a global customer base of more
than 50 operators to which it provides revenue-generation and
cost-streamlining solutions in the areas of reservations,
ancillary sales, loyalty, revenue management, revenue accounting
and business intelligence.
“The addition of Navitaire is an important step
for Amadeus, broadening our product portfolio and know-how in the
aviation industry,” said Luis Maroto, President & CEO of Amadeus.
“The industry is increasingly complex, with different airlines
serving distinctive passenger segments and an increasing
cross-over between low-cost and full-service. The combination of
the technology and expertise of Amadeus and Navitaire ensures we
are better positioned to meet the needs of all our customers.”
Navitaire
will become a distinct business line within Amadeus’ Airline IT
unit, with David P. Evans, the current CEO of Navitaire retaining
that position. Amadeus will maintain the acquired company’s brand,
which will be known as ‘Navitaire, an Amadeus company’.
“Navitaire is a great cultural fit for Amadeus as both
companies have a product mindset and deep aviation experience at
their core,” said Julia Sattel, Senior Vice President, Airline IT
at Amadeus. “But there are differences also and I think the two
companies have a great deal to learn from each other and over
time, as we get to know each other better, there will be synergies
that will be to the benefit of our customers.”
The addition of Navitaire’s portfolio of products and solutions
for the low-cost segment will complement Amadeus’ Altéa Suite of offerings for its largely full-service carrier customer base,
giving the company the ability to serve a wider group of airlines.
Amadeus intends to market and sell the two product portfolios
separately and will continue to invest in both platforms,
enhancing the services and functionality availability to all types
of carriers.
As part of
the acquisition, approximately 550 Navitaire employees, including
the company’s senior management team, will transfer to Amadeus
with immediate effect.
Amadeus’ acquisition of
Navitaire has received all necessary regulatory approvals,
including competition clearance in the US, the European Union and
Brazil.
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Navitaire,
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