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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