Amadeus Seeks More Acquisitions After NMTI Purchase – WSJ.com

AmadeusAmadeus says it is looking for new acquisitions, after its $500 million deal to buy U.S. technology company NMTI Holdings, Inc.

“I don’t know if we’ll go for a deal of the same scale as this one, but we are definitely not ruling anything out; and smaller deals are also possible in the future,” Chief Financial Officer Ana de Pro said in an interview Thursday.

Amadeus is looking for possible acquisitions in airport management and railway bookings, Ms. De Pro said. The company wants a bigger role in rail travel, as people look for convenient alternatives to flying, she said. It is also looking for prospects in Western Europe, where high-speed trains are more common, and in North America.

Late Wednesday, Amadeus said it purchased booking services provider NMTI, known for its commercial brand Newmarket. That acquisition, Amadeus’ largest yet, reflects a strategy to move the company away from its traditional niche as market leader in the little-known world of travel reservation technology.

Amadeus is based in Madrid and has a market value of 13 billion euros. It provides the technical backbone for bookings made through popular systems such as Expedia.

via Amadeus Seeks More Acquisitions After NMTI Purchase – WSJ.com.

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Amadeus Launches Venture Fund To Invest In Travel Startups – Skift

Dennis Schaal, Skift

AmadeusAmadeus became the latest established travel industry operating company to launch a travel startup investment fund, joining Concur, eLong, American Airlines and Priceline, although the latter two “funds” have yet to leave the ground.In recent years, these companies are showing they are not just content to acquire travel startups when they are ripe for the plucking.Instead, these companies want to get tight with the startups at an early stage, with the possibility of an acquisition perhaps at a later juncture.Madrid-based Amadeus announced in a blog post today that it has created Amadeus Ventures to invest in early-stage travel and hospitality startups.Katherine Grass, who heads Amadeus Ventures within the Amadeus IT Group, writes in the blog post:“The main objective of the fund is to identify and invest in start-up companies that have already developed a working prototype and sit in niche areas of the sector that we believe are at the forefront of developing market trends.

via Amadeus Launches Venture Fund To Invest In Travel Startups – Skift.