Amadeus has acquired Navitaire from Accenture in a deal worth $830 million.
Announced on Wednesday, Spanish travel technology firm Amadeus said the acquisition of Accenture's subsidiary was made in order to improve technology services offered to passengers within the airline industry.
The deal, which will close in Q4 2015, is expected to have "minimal impact" on Amadeus' financial results this year.
As part of the acquisition, roughly 550 Navitaire employees, including the company's senior management team, are expected to transfer to Amadeus.
Navitaire caters for over 50 operators worldwide and focuses on providing technology services to low-cost and hybrid-carrier industry players. The firm provides solutions including reservation systems, sales, loyalty schemes, revenue management, accounting and business intelligence.
Amadeus says the addition of Navitaire's portfolio will complement the firm's current portfolio, which is offered to largely full-service carriers. Therefore, the acquisition will give Amadeus a wider customer base in the airline industry.
The Madrid, Spain-based company plans to market and sell each portfolio separately and will continue to invest in both platforms.
Luis Maroto, President and CEO of Amadeus commented:
"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.
Airlines of all shapes and sizes face an increasingly competitive market for an increasingly demanding traveler, 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."
In a separate agreement, Accenture and Amadeus have agreed to form an alliance pushing digital transformation in the airline industry. The companies are joining forces in order to provide "door to door" traveller experiences and emphasize the place of analytics, cloud and mobility in the marketplace. Accenture will also be named an Amadeus "Strategic Partner" as part of the deal.
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